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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President Sheikh Mohamed bin Zayed's Diplomatic Efforts to Promote Regional Stability

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UAE
 

In this crisis between  Israel and Palestine, President Sheikh Mohamed's diplomatic approach is heavily based on his belief in the capacity of collective international action. In a world where global challenges transcend borders, international cooperation is necessary. The UAE President's engagements with leaders from a variety of nations indicate his dedication to forging alliances that can lead to long-term peace and stability.      

Also the UAE's commitment to peace goes beyond words; it is visible in its actions and initiatives that foster communication and collaboration. The UAE contributes greatly to regional stability by promoting a peaceful atmosphere, which benefits not only its own inhabitants but the entire region.

In these difficult times, the world turns to leaders like Sheikh Mohamed bin Zayed for advice and solutions. His commitment to diplomacy serves as a beacon of hope, emphasising the necessity of dialogue, cooperation, and understanding in managing the region's complicated challenges.    

We join in praying for peace in the region as we see these diplomatic efforts. May leaders like President Sheikh Mohamed bin Zayed's devotion inspire a new era of communication, cooperation, and long-term stability. 


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