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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Fostering Economic Synergy: Insights from the Arab-British Economic Summit

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Discover the collaborative spirit as government officials, CEOs, and thought leaders convene in London for the third Arab-British Economic Summit. Delve into the strategies and discussions that aim to strengthen business and trade relations, providing a platform for sharing ideas and exploring investment prospects.

Gain valuable insights from influential figures, including the Secretary General of the Arab League, Ahmed Aboul Gheit, and UK Minister of State, Dominic Johnson. Uncover the potential impact of this summit on the economic ties between the UK and the Arab world

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