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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Abu Dhabi's Ambitious Vision of Becoming a Global Tourism Hub by 2030

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Tourism

With the opening of the Abu Dhabi Travel and Tourism Week, slated from September 25 to 30, the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) is going on an exciting journey. This strategic project aims to integrate Abu Dhabi's travel and tourism industry, stimulating growth and cementing the emirate's position as a leading global tourism destination.

The main purpose of this endeavour is perfectly aligned with Abu Dhabi's ambitious vision of attracting more than 24 million visitors this year. This goal goes beyond simply increasing visitor numbers; it intends to revitalise both the commercial and leisure tourism sectors, so improving the economic landscape not only of the UAE capital but also of the surrounding region.  

HE Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism - Abu Dhabi, reaffirmed the emirate's commitment to its Economic Vision 2030, emphasising the importance of forging strong strategic partnerships that will allow Abu Dhabi to emerge as a thriving global hub for business, investment, and leisure travel.

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