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 Brighter Future awaiting for us

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UAE

Sultan Al Jaber is emerging as a constructive force in the global energy environment. Al Jaber's commitment to environmental stewardship took center stage in a remarkable talk at Ceraweek in Houston, demonstrating his ambition to guide the industry toward a cleaner and more sustainable future.  

Here is some interesting information about our cop28 that I discovered.  

Al Jaber's proposal for a 7% annual reduction in emissions and the total eradication of methane emissions is a watershed moment from an oil industry leader. Al Jaber promotes a targeted and impactful strategy to addressing the difficulties of climate change by focusing on energy, cement, steel, and aluminum as focal points for environmental remediation 

This initiative is hoped to illustrate the potential for good, industry-wide development and to lay the framework for a cleaner, more sustainable future. 

So why not give the host and the Cop28 presidency a chance to show what they've got?    


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