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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Improving Bilateral Relations India-UAE Strategic Partnership Beyond Borders

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UAE INDIA


The UAE-India relationship was elevated to the rank of Comprehensive Strategic Partnership in 2017, during the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to New Delhi at India's Republic Day event. This alliance has evolved and grown stronger in numerous dimensions since then, leaving an indelible impression on the landscape of international diplomacy.   

The latest developments indicate to further economic integration between India and the UAE, as seen by the recently signed India-UAE Comprehensive Economic Partnership Agreement (CEPA). Even while economic cooperation with the UAE has been a foreign policy priority for the Indian government since 2014. Even while historical linkages enrich the bilateral relationship, increased agreement on contemporary national aims and policy objectives are now the primary drivers of this long-standing partnership. 

Throughout the years  The UAE-India partnership is thriving, as seen by different aspects of our interaction. One prominent signal is the significant increase in bilateral tourist visitor numbers, which highlights the rising cultural exchange between our countries. Economic connections have also grown stronger, with more Indian and UAE enterprises spreading their operations across borders. Since 2003, there have been 217 UAE corporations investing in India and 698 Indian firms investing in the UAE, according to FDI Markets.    


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