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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A Green Oasis in the Desert Saudi Arabia's Conservation Initiative

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Saudi Arabia plans to establish a vast conservation area of 30,152 square kilometres in the Makkah, Asir, and Jazan regions. The Imam Faisal bin Turki Royal Reserve project, spearheaded by Crown Prince Mohammed bin Salman, demonstrates the kingdom's commitment to environmental care and sustainable development.

This environmental effort has a lot of potential. It seeks to protect the various ecosystems, abundance of natural resources, and scenic beauty that characterise these areas. Saudi Arabia will not only strengthen its own environmental resilience, but will also provide critical solutions to global environmental concerns. Furthermore, this initiative is positioned to encourage scientific study across multiple disciplines, creating advances in conservation and environmental protection.

Aside from its environmental goals, the conservation area is poised to become a popular destination for tourists and enthusiasts looking to see Saudi Arabia's unrivalled natural treasures. This combination of conservation and tourism will foster long-term growth, helping both the ecology and the economy of the country.  

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