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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No Time for Climate Delay at COP28

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Cop28

This year's global climate summit begins in Dubai.

Did you know that Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and President of COP28, stressed the essential need for immediate climate action before to the summit? The shrinking time period and the global community's progress since the Paris Agreement's adoption in 2015 emphasize the urgency. 

Let us first discuss the cop conference  and what I believe Cop28 will do. 

First Cop summit  emphasizes that major strides have been made since COP21, guiding the earth away from the initially forecast 3°C global warming and toward around 2.5°C. 

Second, according to the International Energy Agency's most recent projections, global carbon emissions will peak in this decade, intensifying the need for comprehensive climate policies.

I believe in cOP28  It is fitting, then, that this year’s climate summit should happen in a place famous for sitting at the intersection of finance and innovative thinking, and the developed and developing worlds. An inclusive Cop, bringing government, private sector, international organisations, NGOs and philanthropists is meeting at a critical time.
Lets  wait  for positive  feedback  in Cop summit

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