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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Empowering Lives and Transforming Landscapes: The Solar Revolution Illuminating Iraq

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Iraq

The landscape of Iraq is undergoing a transformation, not only in terms of energy sources but also in the lives of its citizens. The surge in solar energy adoption has not only provided a beacon of hope but has also brought about tangible changes in the day-to-day experiences of residents like Mazin Sharhan Al Sudani. In this article, we delve into the impact of Iraq's solar energy revolution on individuals and the broader community.

Iraq's solar revolution isn't just about harnessing the power of the sun; it's about freeing individuals and households from the financial shackles of conventional energy sources. The upfront investment in solar panels pays off in the long run, offering considerable savings on electricity bills. As citizens experience firsthand the economic benefits of solar energy, it creates a ripple effect, encouraging more to make the shift toward sustainable power.

The Iraqi government's support and initiatives in promoting solar energy adoption have played a pivotal role in the ongoing revolution. Incentives, subsidies, and policy frameworks have encouraged individuals and businesses to invest in solar infrastructure. Looking ahead, continued governmental support, coupled with advancements in solar technology, positions Iraq at the forefront of the renewable energy movement in the region.

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