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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The First Global Conference on Grace Preservation is an Important Step Towards a Sustainable Future

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This  2023 the conference promises to bring together a diverse range of experts and stakeholders from around the world at a time when sustainability, agriculture, water, food security, and the environment have never been more vital. Their collective insight and expertise will pave the way for creative solutions to the world's most pressing issues.      

While the world grapples with major environmental challenges, the Grace Preservation First Global Conference stands as a beacon of hope and growth. The Emirates Red Crescent (ERC) will host this historic event in Abu Dhabi on September 20-21, under the patronage of Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent.  

Also  the conference's broad agenda covers a wide range of critical subjects, emphasising the interconnection of sustainability challenges. The conference addresses the concerns that define our times, from climate change mitigation to food security, from water resource protection to environmental preservation.     

In an era when the effects of climate change are becoming more apparent, the need for collective action and innovation has never been higher. The Grace Preservation First Global Conference exemplifies the UAE's dedication to sustainable development and its role as a global leader in solving these concerns.    

 


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