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,...

Israel Evacuates Israelis and Eligible Citizens from Conflict Zones in Northern Ethiopia

In a swift and determined operation, Israel has successfully evacuated over 200 of its citizens and individuals eligible for citizenship from the conflict-ridden areas in northern Ethiopia. The evacuation primarily focused on rescuing stranded individuals from the cities of Gondar and Bahir Dar, reflecting Israel's commitment to ensuring the safety and well-being of its citizens, no matter the circumstances.

With a decisive effort to safeguard its citizens, Israel's Prime Minister, Benjamin Netanyahu, reiterated the nation's unwavering commitment to the safety of its people. The operation was undertaken as a response to the distressing situation faced by Israeli citizens and those eligible for aliyah (citizenship) in the volatile combat zones of northern Ethiopia. Netanyahu's resolute assertion that "The State of Israel looks after its citizens wherever they are" underscores the nation's sense of responsibility to its people, even in remote and challenging situations.

The evacuation operation, executed with precision and care, witnessed the safe return of more than 200 Israelis and eligible individuals to their homeland. The majority of the evacuees were airlifted from the northern city of Gondar, while an additional 30 were rescued from the neighboring city of Bahir Dar. This well-coordinated effort demonstrates Israel's ability to swiftly respond to crises and underscores the significance it places on the welfare of its citizens.

The rescue mission highlights Israel's dedication to providing assistance to its citizens and those eligible for citizenship, particularly in times of crisis. By extending a helping hand to those stranded in conflict areas, Israel not only fulfills its duty as a responsible nation but also showcases the values of compassion and unity that lie at the heart of its ethos.

Israel's successful evacuation of more than 200 Israelis and eligible individuals from the conflict zones in northern Ethiopia is a testament to its commitment to the well-being of its citizens. Prime Minister Benjamin Netanyahu's assertion of Israel's vigilant care for its people, regardless of their location, reinforces the nation's sense of responsibility. This operation not only showcases Israel's ability to swiftly respond to crises but also exemplifies its core values of unity and compassion in the face of adversity.

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