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,...

Revitalizing Salloum: Egypt's President El Sisi's Development Blueprint


 Egypt's coastal city of Salloum has entered a new chapter of transformation as President Abdel Fattah El Sisi unveiled an ambitious development plan during his recent visit. The city, nestled in the Matruh province and bordered by Libya, is set to witness a series of strategic initiatives aimed at propelling its growth and prosperity.

Acknowledging the pressing economic challenges faced by Salloum's residents, President El Sisi's visit underscored his commitment to steering the city toward a more promising future. Among the pivotal elements of the development plan is the expansion of a desalination plant, a critical move to address the water needs of the predominantly low-income Bedouin community.

With an eye on improving connectivity and facilitating efficient transportation, the plan includes the construction of a minibus terminal. This terminal not only serves as a practical solution for local commuting but also forms a cornerstone for enhancing transportation links, trade, and economic activities in the region.

One of the notable aspects of the development plan is the establishment of a bustling market in Salloum. This market, while catering to economic needs, also holds cultural significance as a central trading hub for Bedouin tribes residing in Egypt's Western Desert. It acts as a conduit for economic exchange and cultural interactions, enriching the social fabric of the region.

President El Sisi's engagement with Bedouin residents during his visit underscores his dedication to understanding the challenges faced by the community. His reassurances of overcoming economic obstacles serve as a beacon of hope, instilling confidence in the population and reaffirming the government's commitment to their welfare.

As Egypt continues its journey towards comprehensive development and progress, the transformation of Salloum stands as a testament to the nation's dedication to inclusive growth. Through strategic planning and targeted initiatives, the city is poised to emerge as a thriving center of economic vitality, cultural heritage, and improved quality of life for its residents.

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