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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The UAE extends a helping hand to Gaza children

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I admire how the UAE's response reflects of compassion and solidarity, underlining the country's commitment to provide aid and support to populations experiencing hardship. 

The decision, issued by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, demonstrates the country's commitment to alleviate suffering, particularly among youngsters caught in the crossfire of a lengthy conflict. The campaign provides hope and compassionate treatment to people in most need. 

This humanitarian effort is an extension of the UAE's ongoing efforts to provide relief to the Palestinian people, highlighting the grave humanitarian situations they suffer, particularly among the young and vulnerable. In times of adversity, the UAE serves as a beacon of hope, demonstrating its commitment to assisting people in need.

The discussions between Sheikh Abdullah bin Zayed Al Nahyan and ICRC President Mirjana Spoljaric emphasise the need of facilitating secure and unhindered assistance distribution.


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