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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Sunak's Pledge for a Stronger UK Role in Global Diplomacy

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Prime Minister Rishi Sunak is set to outline a forward-looking foreign policy strategy on Monday, signaling a departure from traditional Conservative approaches. Focused on addressing contemporary challenges, Sunak's vision aims to position the UK as a decisive force in international relations.

At the core of his agenda is a commitment to intensify efforts towards a two-state solution for Israel and Palestine. Sunak emphasizes the UK's historical role in crafting UN resolutions supporting this solution and pledges to actively contribute to its realization. This move underscores the UK's dedication to fostering peace in regions marred by conflict.

Sunak's foreign policy vision goes beyond specific conflicts, advocating for a departure from outdated diplomatic norms. By abandoning "past dogmas, assumptions, and structures," he seeks to make UK diplomacy more adaptable and responsive to evolving global dynamics.

Additionally, Sunak highlights the importance of defending British values against adversaries while championing international collaboration. His focus on building partnerships in defense, trade, and migration underscores the UK's commitment to playing a cooperative and influential role in global diplomacy.

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