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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Is Working from Home a Passing Trend

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The financial services firm conducted a poll of over 1,300 top executives from some of the world's leading corporations. Surprisingly, 64 percent of these executives believe a complete return to office-based work by 2026 is highly possible. This calls into doubt the long-term viability of the remote work revolution.

Companies quickly adapted to remote work as the epidemic ravaged the globe, employing technology and inventive techniques to preserve productivity. The advantages of remote work, such as reduced travel time and improved flexibility, have long been recognised. It enabled people to balance work and family life while keeping firms running during difficult times. 

Despite its benefits, it may be on the decline. While some businesses have embraced this flexible working style, others want to return to pre-pandemic workplace relations. The reasons for this shift in perspective differ from one organisation to the next.  

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