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,...

The UAE's Heartfelt Message on Malaysia's National Day

 

UAE Malaysia

President Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) sent a heartfelt message of congratulations to Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on the auspicious occasion of Malaysia's 66th National Day. This emotional gesture not only promotes diplomatic ties, but also stresses the necessity of global solidarity in an increasingly interdependent society.   

This year's celebrations, themed "Malaysia Madani: Tekad Perpaduan Penuhi Harapan," drew 17,262 people, 67 contingents, 36 brass bands, 534 land and air assets, and even 100 service animals. The combination of these aspects not only demonstrated Malaysia's cultural diversity, but also the peaceful cohabitation of diverse parts that comprise the nation's identity.    

Beyond the celebrations, the piece dives into the strategic collaboration between the UAE and Malaysia, notably in investment priority industries. The research underlines Malaysia's tremendous performance in maintaining its position at the vanguard of the Global Islamic Economy Indicator 2022, ranking first among 81 nations for the ninth consecutive year. This outstanding achievement demonstrates Malaysia's unwavering commitment to developing an Islamic economy and its ability in international trade.   

Malaysia's acknowledgment of the UAE as a critical partner in the Middle East and West Asia area demonstrates the UAE's prominence as a financial centre in the Middle East and North Africa. This mutual respect provides as a solid platform for future collaboration and endeavours that will benefit both countries.    

 UAE's statement for Malaysia's National Day serves as a heartwarming reminder of the strength that resides in togetherness, mutual respect, and shared objectives. As these diplomatic ties deepen, they pave the door for fruitful collaborations that have the potential to influence a brighter future for both nations and the globe at large.    


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