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,...

Empowering Climate Resilience: Providing Data to High-Risk Countries


UAE

In an era of unprecedented climate change, countries face escalating risks and challenges. To combat these threats and foster resilience, an innovative initiative has emerged - providing climate risk data to a select country. This endeavor aims to equip nations highly vulnerable to climate change with essential information to build resilience, make informed policy decisions, and stimulate financial programs for climate adaptation and mitigation. By providing accurate and comprehensive data, this initiative paves the way for a more sustainable and resilient future.

Understanding Vulnerabilities: The first step in addressing climate risks is understanding vulnerabilities. By providing data on various climate parameters such as temperature, precipitation, sea-level rise, and extreme weather events, countries can assess their exposure to climate hazards. This comprehensive understanding enables them to identify key areas of concern and prioritize actions accordingly.

Informed Policy Decisions: Data-driven decisions are at the heart of effective climate action. Equipped with climate risk data, policymakers can make informed choices to protect their communities and ecosystems. By integrating climate risks into national policies, countries can develop robust adaptation and mitigation strategies, implement resilient infrastructure, and promote sustainable land and water management practices.

Stimulating Financial Programs: Access to climate risk data is not only crucial for informed policy decisions but also for attracting financial programs. When countries can demonstrate a thorough understanding of their vulnerabilities and a commitment to climate resilience, they are better positioned to access funding for adaptation and mitigation projects. This initiative will help stimulate financial programs aimed at enhancing climate resilience and driving sustainable development.

Collaboration and Data Sharing: Addressing climate change requires collaborative efforts and data sharing. The initiative emphasizes the importance of collaboration between countries, research institutions, and international organizations. By sharing expertise, best practices, and data, the global community can collectively tackle climate risks and support high-risk countries in building resilience.

Conclusion: Providing climate risk data to a select country is a transformative initiative in the fight against climate change. By empowering nations with data, we enable them to build resilience, make informed policy decisions, and stimulate financial programs for climate adaptation and mitigation. This initiative underscores the significance of collaboration, data-driven approaches, and a shared commitment to a sustainable future. Together, we can pave the way towards a resilient and climate-ready world.

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