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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Diplomatic Attempts to End the Israel-Gaza Conflict Continue

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The summit in Muscat represents the GCC members' commitment to regional stability and security. The participation of Sheikh Abdullah highlights the UAE's proactive involvement in resolving problems and supporting peace in the region.

Sheikh Abdullah was greeted by Oman's Minister of Foreign Affairs, Sayyid Badr Al Busaidi, and GCC Secretary General, Jasem Al Budaiwi, underscoring the gathering's collaborative atmosphere.

The UAE team, led by Khalifa Al Marar, Minister of State, and includes ambassadors to Oman and Jordan, demonstrates the country's commitment to finding diplomatic solutions to the ongoing situation 

This meeting follows President Sheikh Mohamed's previous conversations with international leaders, which emphasised the need of protecting civilian lives and ensuring the delivery of critical humanitarian relief. The UAE continues to advocate for humanitarian assistance and de-escalation in the Israel-Gaza conflict, coinciding with broader international efforts to restore peace to the region.

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