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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King Charles III and Queen Camilla's Historic Visit to Kenya: Facing Colonial Legacy

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 King Charles III and Queen Camilla's arrival in Kenya marks a significant moment in British history. It's the monarch's first visit to a former British colony, emphasizing a shift towards acknowledging the painful aspects of a shared history. This visit is about confronting a colonial legacy that featured almost seven decades of British rule over Kenya.

The royal couple was warmly received by President William Ruto in Nairobi, signaling a new era of diplomatic relations. King Charles is not just here for ceremonial purposes; he intends to engage with the vibrant tech industry, explore the breathtaking wildlife sites, and travel to the vibrant port city of Mombasa.

However, for many Kenyans, this visit holds a deeper significance. It's about reconciliation and addressing the dark history of colonial-era abuses, including torture, killings, and widespread land expropriation. A substantial amount of land, still owned by British citizens and companies, was taken during colonial times, leaving a lasting scar on Kenya's history.

The most contentious period of British rule in Kenya was during the Mau Mau revolt of 1952-1960. This uprising in central Kenya was met with severe repression, and the wounds of that era remain unhealed. The visit provides an opportunity for both nations to come to terms with the past and set the stage for a more equitable future.

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