UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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UAE Vice President meets British Foreign Secretary to Discuss Regional Developments and Mutual Issues

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UAE

Vice President of the UAE, Deputy Prime Minister, and Minister of the Presidential Court, Sheikh Mansour bin Zayed Al Nahyan, met with British Foreign Secretary James Cleverly in London to discuss the latest regional developments and issues of mutual concern.

During the meeting, Sheikh Mansour congratulated Cleverly on the coronation of His Majesty King Charles III of the United Kingdom of Great Britain. The leaders discussed a range of topics, including trade, security, and regional stability. They also exchanged views on the ongoing conflicts in the Middle East and the need for continued cooperation between the UAE and the UK to address these challenges.

The objective of the meeting was to strengthen the longstanding relationship between the UAE and the UK, which is based on mutual respect, trust, and shared interests. Both leaders emphasized the importance of diplomacy and dialogue in addressing global challenges and promoting regional stability.

The UAE and the UK have a close relationship that is built on strong economic, cultural, and strategic ties. The UAE is one of the UK's most important trading partners in the Middle East, and the two countries share a commitment to promoting global security and stability.

Overall, the meeting between Sheikh Mansour and Cleverly highlighted the importance of continued cooperation and collaboration between the UAE and the UK, as well as the need for ongoing dialogue to address global challenges and promote peace and prosperity in the region.

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