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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Kazakhstan's Strategic Partnership with the UAE has the potential for bilateral trade.

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 The influence of UAE investment on Kazakhstan's growth potential was one of the important conclusions from Shakkaliyev's speech. As the two countries work to increase bilateral trade to $1 billion, an emphasis on environmental, social, and governance (ESG) projects and climate change objectives is a positive move. Kazakhstan's commitment to establishing favorable conditions for investors is consistent with the country's overall policy.

Kazakhstan's aim to position Central Asia as an agricultural powerhouse is revealed by the idea of building new trade routes from the Caspian Sea to th UAE ports of Abu Dhabi and Dubai. The construction of a new road connecting the regions is more than simply infrastructure; it also represents the opening of regional markets and the formation of stronger economic linkages. With 11 international transit routes, five railways, and six roadways. Collaborations with significant businesses such as Simatech Shipping & Forwarding and Abu Dhabi Ports Group to build a new agricultural transport route demonstrate Kazakhstan's dedication to efficiency and global connectivity. 

It is also evidence of shared views and ambitions. Kazakhstan is establishing itself as an appealing location for foreign investment by promoting openness, predictability, and efficiency in trade and investment operations. The world awaits Central Asia's transformation as a vital actor in the global economic scene as the two countries walk this path of collaboration.


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