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,...

UAE Strengthens Bilateral Ties with India: Opens New Consulate Office in Hyderabad

 

UAE

In a move aimed at further enhancing diplomatic relations, the United Arab Emirates (UAE) has inaugurated its fourth consulate office in India, located in the vibrant city of Hyderabad. This development showcases the deepening ties between the UAE and India, highlighting their shared commitment to fostering cooperation and collaboration across various sectors. The opening of this consulate office marks a significant milestone in the bilateral relationship between the two nations.

Expanding Diplomatic Presence: The UAE's decision to establish a new consulate office in Hyderabad demonstrates its recognition of the city's economic and strategic significance. Hyderabad, known for its thriving IT industry, cultural heritage, and rich history, provides an ideal platform for strengthening business and cultural ties between the UAE and India. This move aligns with the UAE's commitment to expanding its diplomatic footprint globally and nurturing closer ties with India, one of its key strategic partners.

Enhancing Bilateral Relations: The opening of the consulate office in Hyderabad signifies the UAE's commitment to deepening its engagement with India at the regional level. By establishing a physical presence in Hyderabad, the UAE aims to facilitate and streamline various consular services for its citizens residing in South India. Additionally, this move is expected to boost trade, investment, and people-to-people exchanges between the two countries, further fostering economic growth and cultural understanding.

Strengthening People-to-People Connections: The new consulate office will serve as a vital hub for fostering people-to-people connections between the UAE and India. It will provide assistance to Emirati nationals in matters such as visa issuance, consular services, and promoting cultural exchanges. Furthermore, the consulate will actively engage with local authorities, businesses, and community organizations to create platforms for dialogue, collaboration, and mutual understanding.

Promoting Economic Partnerships: The UAE's strategic decision to open a consulate office in Hyderabad aligns with its vision of enhancing economic partnerships with India. Hyderabad, known as India's "Cyberabad," offers a thriving ecosystem for technology and innovation. This consulate office will facilitate greater collaboration between Emirati and Indian businesses, promoting investment, trade, and knowledge sharing in key sectors such as technology, healthcare, renewable energy, and more.

Conclusion: The inauguration of the UAE's consulate office in Hyderabad serves as a testament to the deepening friendship and cooperation between the UAE and India. This step not only strengthens bilateral relations but also enhances the overall strategic partnership between the two nations. The consulate office will play a pivotal role in facilitating consular services, fostering cultural exchanges, and promoting economic collaborations, thus contributing to the shared prosperity and growth of both countries.

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