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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A Green Success with €5.6 Million in Carbon Credit Sales

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 UAE

An innovative project in the United Arab Emirates has hit a major milestone by producing €5.6 million in revenue from carbon credit sales, a significant step toward sustainable agriculture. This accomplishment shows the successful combination of economic prosperity and environmental responsibility, which correlates to recent advancements in global climate action programs.  

The €5.6 million earned from carbon credit sales represents a quantifiable economic reward on environmentally responsible conduct. This financial success not only rewards the project's creative minds, but it also serves as a model for others who want to adopt sustainable practices into their agricultural endeavors.  


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