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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Building Bridges Through Education Ethiopian Students Accept UAE Scholarships

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UAE

The power of knowledge fostering international cooperation in a world where education transcends borders.This  Year We seen   attitude of global collaboration was recently on full show when the United Arab Emirates (UAE) awarded scholarships to 273 Ethiopian students, marking a significant milestone in the bilateral relationship between the two countries. 

These Ethiopian academics, chosen for their extraordinary achievement in the Ethiopian National School Leaving Exam, were given this once-in-a-lifetime chance thanks to Prime Minister Abiy Ahmed's (PhD) brilliant proposal. The UAE's generosity and commitment to education have opened avenues for these bright young minds, influencing not only their individual destinies but also strengthening ties between Ethiopia and the UAE. 

In a world filled with countless and difficult issues, education remains a light of hope and development. It has no boundaries and accepts no restrictions. The UAE's scholarship programme for Ethiopian students exemplifies how investment in education can result in positive change on both an individual and global scale. It serves as a reminder that when nations band together to promote the dreams of young minds, the possibilities are limitless.


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