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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Comoros and the UAE forge a path for sustainable growth and stability

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The discussions between Sheikh Mohamed and President Assoumani highlight the value of solid diplomatic connections in the current international environment. It demonstrates the two countries' common goal of pursuing political stability, a crucial tenet of sustained progress, in addition to economic prosperity.

President Assoumani was given a cordial welcome in Abu Dhabi, demonstrating the two countries' enduring friendship and respect for one another. It stands for both countries' dedication to collaborating to achieve shared objectives.  

President Sheikh Mohamed's tweet, in a world where diplomatic ties are frequently questioned, perfectly sums up the conversations that took place during this visit. Both leaders have effectively communicated a message of unity and collaboration to the globe by highlighting the value of productive discussions and their shared commitment to assisting initiatives for sustainable prosperity and stability.

Historically, the UAE and Comoros have worked together on trade, business, and humanitarian projects, among other things. This gathering aims to reconfirm their resolve to strengthen these alliances and look into new possibilities for collaboration.  

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