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,...
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A Promising Step Towards Bilateral Prosperity and the Comprehensive Economic Partnership Agreement (CEPA) Between the UAE and Pakistan

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The possibility of the United Arab Emirates (UAE) and Pakistan signing a Comprehensive Economic Partnership Agreement (CEPA) opens up significant business opportunities for both countries and has the potential to increase commerce and exports between them. The influx of Foreign Direct Investment (FDI) from the UAE, Saudi Arabia, Qatar, and China has been cited as a positive indicator by Rashid Abdul Rehman Al Ali, Deputy Head of Mission of the UAE Embassy, who is optimistic about Pakistan's economic future.   

With these huge opportunities come equally great obligations. To draw more investment and fully realize its economic potential, Pakistan must concentrate on bolstering its regulatory environment, expanding its ease of doing business, and improving infrastructure.    

Im sure that Comprehensive Economic Partnership Agreement (CEPA) between Pakistan and the United Arab Emirates has the power to completely alter the economic landscape of both countries. This possible partnership opens a new page in their bilateral relations and presents opportunities for businesspeople, investors, and the overall economic development of both nations. Although there may be obstacles, careful planning and shared dedication can create the foundation for a successful and rewarding partnership.  


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