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,...

Egypt's Presidential Election: A One-Man Show Amidst Limited Options

 

Egypt

As Egypt gears up for its presidential election, the political landscape appears more like a predetermined stage than a democratic arena. President Abdel Fattah El Sisi, seeking a third term, faces three little-known opponents, raising questions about the authenticity of the electoral process. Barring unforeseen circumstances, this win would extend El Sisi's tenure to 16 years.

The recent withdrawal of Ahmed El Tantawy, a former legislator and vocal critic of El Sisi, dealt a significant blow to any hopes of a genuine contest. Citing government intimidation and harassment, El Tantawy abandoned the race, leaving voters with limited alternatives and sparking concerns about the state of democracy in Egypt.

The absence of a credible contender has left citizens indifferent, with many assuming El Sisi's victory as a foregone conclusion. Shady Lewis Botros, a prominent novelist and political commentator, lamented the lack of intrigue in the election, stating, "The only chance this election had to be interesting was El Tantawy, but he could not even run

El Tantawy's withdrawal and subsequent legal challenges, including forgery charges against him and his supporters, underscore the challenges faced by those daring to oppose the incumbent. This situation raises questions about the fairness of the electoral process and the level of political freedom in the country.

As Egypt navigates this electoral landscape, the lack of genuine competition raises concerns about the health of its democratic institutions. The upcoming election seems poised to reaffirm El Sisi's dominance, leaving citizens to ponder the future of pluralistic politics in the nation.


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