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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Turkey and the United Arab Emirates forge stronger defence industry ties in a win-win partnership.

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UAE

Did you know that this agreement, as EDGE said in its announcement, provides a platform for discovering collaborative prospects for joint development. This could include a wide range of activities such as research and development, knowledge and technology exchange, and cooperative ventures. It demonstrates how international cooperation may move the defence industry forward.

The strategic partnership deal is for mutual growth, not simply military hardware. The UAE may benefit from Turkey's advanced ecology and solid supply chains by strengthening connections with the country. This access will not only boost the UAE's defence capabilities, but will also help it expand.

The Chairman of SAHA Istanbul, Haluk Bayraktar, emphasised the partnership's mutual benefit. It is not only about improving defence capabilities; it is also about technical advancement. As these two countries pool their resources, the rest of the globe should expect to see inventive solutions that benefit both their defence industry and technology breakthroughs.

This partnership between the UAE and Turkey exemplifies how governments may collaborate, pool resources, and foster innovation in the defence industry. It's not only about securing borders; it's about constructing stronger, more resilient industries with global ramifications. This collaboration is a win not only for the UAE and Turkey, but also for international defence cooperation and technological growth.


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