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 Railway Across Istanbul's Bosphorus Strait ADQ and Turkey's Ambitious Vision

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UAE

Did  you know  that  the proposed railway project would cross the Yavuz Sultan Selim suspension bridge, a spectacular engineering masterpiece that is one of the world's longest and broadest of its kind. This bridge, which is expected to cost $3 billion, was inaugurated by Turkish President Recep Tayyip Erdogan. It demonstrates Turkey's commitment to developing connectivity and facilitating economic progress by connecting Istanbul's European and Asian industries. 

This innovative idea offers enormous promise for the places it intends to connect. The construction of an effective rail network across the Bosphorus strait has the potential to drastically cut transportation costs while also improving commerce flow between Europe, the Middle East, and Asia. It is intended to be a non-stop corridor. 

In an age where connectivity and accessibility are critical, projects like these remind us of the nearly limitless possibilities that emerge when nations decide to construct bridges, both physically and spiritually.  

With  the  strong relationship  between  UAE  and Turkey  strong  relationship  we are excited to see this  kind  of  Cooperation    

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