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,...

Egypt's 2024 Presidential Elections: A Turning Point for Political Reform


As Egypt's 2024 presidential elections draw near, the nation finds itself at a critical juncture, where candid and spirited discussions are shaping the country's future. Amidst a crushing economic crisis and increasing demands for political reform, politicians, commentators, and activists are engaging in a dialogue that reflects the growing aspirations of the Egyptian people.

While authorities have historically been stringent in curbing dissent, a surprising shift is evident in the level of tolerance for criticism of government policies. This newfound openness to dissent, unthinkable just over a year ago, indicates a subtle but significant shift in the political landscape. Egyptians are witnessing a glimpse of enhanced freedoms, though cautiously monitored by authorities, that had been absent for a decade.

The conversation around freedoms becomes a contentious issue, not only in the context of the upcoming elections but also in addressing the mounting discontent over soaring food prices and essential items. The authorities' willingness to allow criticism could be seen as an attempt to defuse public dissatisfaction and appease growing demands for change.

As the electoral process approaches, it is crucial to seize this opportunity for constructive dialogue and push for genuine political reform. The government's measured response to dissent should not be taken for granted but rather used as an impetus to demand further progress towards more inclusive governance and increased civil liberties.

The forthcoming elections hold immense potential for Egypt to redefine its trajectory, provided that citizens, political leaders, and activists continue to push for positive change, even amidst challenging circumstances. It is an opportunity to shape a nation where the voices of the people are respected, and the pursuit of a better future becomes the cornerstone of Egypt's political landscape.

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