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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Moroccan Innovators Leading the Way in Sustainable Energy in Tangier-Med Port

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A fascinating effort is taking shape in the heart of Tangier-Med Port, where the Atlantic Ocean meets the Mediterranean Sea. The brains of the start-up Advanced Third Age Renewable Energy Company (Atarec), Oussama Nour and Mohamed Taha El Ouaryachi, are making waves in the area of sustainable energy with their innovative creation - Wave Beat.  

As Tangier-Med Port advances towards a greener and more sustainable future, Wave Beat is ready to play a critical role in reducing environmental impact while electrifying Africa's largest port.  

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