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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Germany and UK Unite for Peace: A Call for a Sustainable Ceasefire in Gaza

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In a joint initiative, Germany and the UK have issued a call for a "sustainable ceasefire" in the Gaza conflict. Foreign Affairs Minister Annalena Baerbock and Foreign Secretary David Cameron outlined their shared vision in an op-ed for the Sunday Times, emphasizing the need for a peace agreement developed in collaboration with Arab nations.

The leaders acknowledged the tragic loss of civilian lives and clarified that their plea for a ceasefire was focused on achieving a lasting resolution. The op-ed emphasized that the ultimate goal is not just an end to fighting today but a foundation for peace that endures for days, years, and generations to come.

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