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 UAE's Diplomatic Efforts to Promote Peace in Yemen

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UAE

Anwar Gargash, the UAE President's Diplomatic Adviser, recently met with Hans Grundberg, the UN Special Envoy to Yemen. The conference, which took place against the backdrop of Yemen's protracted conflict, represents the UAE's renewed commitment to playing a crucial role in delivering enduring peace and stability to the war-torn nation.   

Until Today  Yemen's crisis, one of the most serious humanitarian tragedies of our time, has caused unimaginable suffering for the Yemeni people. With millions on the verge of starving and continual threats to their safety, the necessity for a quick ceasefire and a long-term political settlement has never been greater. In this perspective, the UAE's sustained commitment to reducing the Yemen crisis shines brilliantly.  

During their conversation, Gargash and Grundberg discussed the complexities of the Yemeni war, emphasising the situation's complexity and the necessity for multilateral measures to alleviate suffering. The UAE's commitment to this endeavour cannot be overstated. The UAE has constantly attempted to create favourable conditions for a ceasefire, advocate for humanitarian aid access, and facilitate peace talks.   

Over the UAE's extensive humanitarian aid operations are one of its notable contributions to easing the crisis in Yemen. The UAE has been a steadfast backer of humanitarian efforts in Yemen, giving critical aid to meet the people's urgent needs. This commitment includes food assistance, medical supplies, and the reconstruction of critical infrastructure.   

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