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,...

Unresolved Conflict Highlights Importance of Unified Government in Libya

 

Libya

This new stance reflects the challenges that Libya's political landscape has been grappling with. The Government of National Unity (GNU), based in Tripoli, has faced hurdles in gaining acceptance from the parliament in the eastern region. A failed attempt to hold national elections in early 2021 further exacerbated tensions within the nation.

The recent outbreak of violence in Tripoli serves as a stark reminder of the dangers posed by Libya's unresolved conflict. Armed factions engaged in fierce clashes, resulting in the tragic loss of 55 lives. The incident highlights the pressing need for a comprehensive solution to Libya's persistent instability.

Bathily's adjusted approach marks a departure from the UN's previous focus on the urgency of holding national elections despite existing differences. This new perspective emphasizes the importance of establishing a unified government as a precursor to elections, recognizing the complexities inherent in Libya's divided political landscape.

The implications of this shift extend to the leadership of GNU Prime Minister Abdulhamid Dbeibeh. Rather than an immediate emphasis on elections, the focus may shift towards forming an interim government tasked with overseeing electoral preparations. The recognition of the significance of unity underscores the underlying importance of stability in Libya's political environment.

As this strategy unfolds, questions arise regarding its reception among the diverse stakeholders in Libya. Addressing the multifaceted challenges of the nation requires a balanced approach that accommodates the concerns of all parties while maintaining momentum towards democratic progress. The pathway to elections now appears to necessitate a comprehensive strategy anchored in unity and consensus, reflecting the intricate nature of Libya's political landscape.





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