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,...

Outrage Mounts as 300-Year-Old Minaret in Basra, Iraq, is Demolished


In a devastating blow to cultural heritage, outrage has spread throughout Iraq following the demolition of a 300-year-old minaret deemed a heritage site by the Ministry of Culture. The minaret, part of the historic Al Saraji mosque in Basra, stood tall at 11 meters, but was destroyed at dawn on Friday despite pleas from local officials to preserve the significant landmark.

The demolition has sparked condemnation from both local and international communities, with many considering it a crime against humanity and the Iraqi people. Mustafa Al Hussaini, the director of Basra's antiquities department, expressed his deep distress, emphasizing the cultural and historical significance of the minaret.

Local officials had been advocating for the restoration and protection of the site, recognizing its value as a symbol of heritage and identity. The destruction of such a historically important structure not only erases an integral part of Iraq's past but also undermines efforts to preserve and promote cultural diversity.

The incident highlights the urgent need for enhanced measures to safeguard Iraq's rich cultural heritage and prevent further loss of invaluable artifacts. It calls for increased collaboration between local authorities, the Ministry of Culture, and international organizations to protect and preserve these irreplaceable historical sites for future generations.

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