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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Egypt's Presidential Elections: A Look at President El Sisi's Campaign

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Egypt

President El Sisi announced his candidature with the vow to "continue the dream" and prioritise modernity and democracy. While these goals are desirable, there are questions about how a protracted presidency may affect Egypt's political pluralism and civil liberties.

Critics worry that a third term could lead to power consolidation and a reduction in the room for opposing voices. Egypt's democratic transition must find a balance between stability and a vibrant multiparty system.    

Egypt must retain democratic values while modernising and progressing. The decision made by the electorate in December will be a crucial signal of the country's commitment to both stability and democracy.

The presidential elections in Egypt will be a watershed point in the country's political history. The candidature of Egyptian President El Sisi provides an opportunity for Egyptians to contemplate on the way forward, balancing the need for stability with the imperative of a dynamic democracy. It is time for Egypt to determine its future vision.  

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