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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During a visit to Beijing, an Arab and Muslim delegation calls for an immediate cease-fire in Gaza.

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Egypt

 Egyptian Foreign Minister Sameh Al Shoukry led the ministers in emphasizing the importance of securing a truce in Gaza. Their request for an early cessation of hostilities aims to address the humanitarian disaster occurring in the region.    

Also  the team is not only seeking Chinese backing, but also exerting pressure on Western countries to reassess their position on the ongoing crisis. They hope to gain worldwide support and put an end to the violence that has cost innocent lives by emphasizing the seriousness of the situation and asking for a ceasefire.     

 The emphasis on humanitarian issues and the challenge to Israel's justification gives their efforts a substantial boost. The world community is keeping a close eye on the situation in Gaza as diplomatic pressure mounts for a resolution.   

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