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 President and the US President discuss bilateral relations and the path to regional stability.

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President Sheikh Mohamed bin Zayed Al Nahyan of the UAE engaged President Joe Biden in a recent phone chat, emphasizing the importance of bilateral relations and regional stability. 

The discussions focused on the upcoming United Nations Framework Convention on Climate Change (COP28) Conference of the Parties. Both leaders recognized the need of global cooperation in addressing the climate catastrophe, underlining the role that each country plays in securing a sustainable future. 

The discussion focused on bilateral relations, indicating a shared commitment to developing ties between the UAE and the US. This diplomatic action lays the groundwork for increased engagement in a variety of areas of mutual interest. 

In reviewing developments in the Palestinian territories, the leaders emphasized the significance of establishing secure procedures for unrestricted humanitarian relief delivery in Gaza. This reflects a common humanitarian commitment to tackle the region's major concerns.

Truly  UAE has  a  deep relationship with  US   

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