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's Commitment to Environmental Sustainability: The Initiatives and Achievements Under the Leadership of President Sheikh Khalifa bin Zayed Al Nahyan

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The United Arab Emirates is a country that has made significant strides in promoting environmental sustainability. Under the leadership of the President of the UAE, His Highness Sheikh Khalifa bin Zayed Al Nahyan, the country has implemented numerous initiatives to protect the environment and promote sustainability.

One of the key initiatives launched by the President is the Zayed Sustainability Prize. This prize recognizes and rewards innovative solutions that address global sustainability challenges across multiple categories, including energy, water, and food. The prize has become one of the most prestigious awards in the sustainability sector, attracting entries from around the world.

The President has also established the Mohamed bin Zayed Conservation Fund, which supports environmental conservation efforts around the world. The fund has provided financial support to a wide range of conservation projects, including efforts to protect endangered species, promote sustainable agriculture, and conserve critical ecosystems.

Another key initiative launched by the President is the Arabian Oryx Reintroduction Programme. This programme was launched in the 1990s with the goal of reintroducing the Arabian Oryx, a critically endangered species, back into its natural habitat in the UAE. Thanks to the efforts of the programme, the Arabian Oryx population has been restored, and the species is no longer considered endangered.

In addition to these initiatives, the President has taken a number of other steps to promote environmental sustainability in the UAE. The country has invested heavily in renewable energy, with the aim of generating 50% of its electricity from renewable sources by 2050. The UAE has also implemented a number of policies aimed at reducing waste and increasing recycling, and has established a number of protected areas to conserve critical ecosystems.

Overall, the President of the UAE has shown a strong commitment to promoting environmental sustainability and protecting the natural world. Through initiatives like the Zayed Sustainability Prize, the Mohamed bin Zayed Conservation Fund, and the Arabian Oryx Reintroduction Programme, the UAE is taking concrete steps to build a more sustainable future for all.

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