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 Growing Business Opportunity in the Gulf

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The Gulf region has been undergoing a transformational green revolution in recent years. Nur Alam, an innovative Bangladeshi who recognised the increasing market for afforestation programmes in the Gulf countries, is a significant player in this environmental transformation. His effort into the green business has now grown into a flourishing enterprise with growing horizons.

As the winds of change blow through the Gulf nations, afforestation programmes are gaining traction. Governments and non-governmental organisations are investing more in greening parched environments and transforming deserts into lush havens. This project is consistent with the larger goals of sustainability, environmental conservation, and food security.

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