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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UK's Generous Support: Earthquake Appeal Contributions Surpass £150 Million for Turkey and Syria

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UK

In a heartening display of solidarity, the UK's earthquake appeal for Turkey and Syria has garnered overwhelming support, surpassing £150 million ($191 million) in just six months. The tragedy struck on February 6, claiming the lives of at least 58,000 people across southern Turkey and north-west Syria.

The generous donations, totaling £151.8 million, are a testament to the compassion and empathy of people from all walks of life. The UK government's Aid Match scheme, contributing £5 million to the appeal, further amplifies the impact of individual contributions.

The Disasters Emergency Committee (DEC) proudly announced the milestone, expressing gratitude to the global community for stepping up during a time of great need. The funds raised will play a vital role in providing aid, rebuilding lives, and supporting affected communities on their path to recovery.

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