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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Look out for Microsoft Corp.'s expansion of its cooperation with Abu Dhabi's G42.

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uae

Did you know that Microsoft Corp. is expanding its cooperation with Abu Dhabi's G42, with intentions to develop artificial intelligence technology across industries and provide cloud infrastructure in the UAE?  

This partnership will see Microsoft expand its Azure service in the UAE through Khazna Data Centers, a joint venture company between G42 and Emirates Telecom. 
“With data privacy, security, and compliance as our core priorities, we have a unique opportunity to help organizations responsibly innovate,” Microsoft Chief Commercial Officer Judson Althoff said. 
According to Peng Xiao This move will assist G42 in driving important technical improvements across key areas  AIQ is a joint venture with Abu Dhabi National Oil Co. that employs artificial intelligence and machine learning to optimise processes for Adnoc and the wider industry. 

Chaired by National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, G42 has been at the forefront of Abu Dhabi’s push into AI. It’s partnering with Cerebras Systems Inc., which recently built the first of nine AI supercomputers as an alternative to systems using Nvidia Corp. technology. And last month, the firms unveiled what they called “the world’s highest quality Arabic Large Language Model.”    

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