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,...

Euclid Space Telescope Launches to Illuminate Mysteries of Dark Energy and Dark Matter


Europe's Euclid space telescope embarked on its groundbreaking mission on Saturday, aiming to shed light on the enigmatic forces of dark energy and dark matter pervading our universe. Departing from Cape Canaveral in Florida, the spacecraft soared into the skies aboard a Falcon 9 carrier rocket, graciously provided by Elon Musk's space exploration company, SpaceX.

The European Space Agency (ESA) turned to SpaceX as a reliable alternative when Russia's Soyuz rockets became unavailable due to sanctions related to the conflict in Ukraine. This collaboration highlights the global cooperation necessary to push the boundaries of scientific exploration.

Euclid, equipped with state-of-the-art instruments, will survey the cosmos, collecting data to help unravel the mysteries of dark energy and dark matter. These elusive entities, which constitute a significant portion of the universe, have captivated scientists for decades, and Euclid's mission aims to provide valuable insights into their nature and influence on cosmic evolution.

Scientists hope that Euclid's observations will reveal more about the accelerating expansion of the universe and the distribution of matter within it. The knowledge gained from this mission has the potential to reshape our understanding of the cosmos and pave the way for future discoveries.

As the Euclid space telescope embarks on this celestial journey, astronomers worldwide eagerly await the data it will unveil, anticipating a significant leap forward in our comprehension of the universe's deepest secrets.

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