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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Putin's visit demonstrates the growing ties between Russia and the United Arab Emirates

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UAE

Vladimir Putin, the president of Russia, is scheduled to visit the United Arab Emirates (UAE), highlighting the strong and diverse ties between the two countries. Russia's actions in Ukraine have caused it to be isolated internationally, yet its relations with the UAE have only gotten stronger.    

 The history of relations between Russia and the United Arab Emirates has been characterized by enduring friendships that are based on trust and respect. Putin and UAE President Mohammed bin Zayed al-Nahyan's impending meeting is an indication of this partnership's longevity.  

The extent and scope of Russia and the UAE's cooperation become more apparent as President Putin gets ready for his trip to the United Arab Emirates. The dynamic collaboration, which encompasses political, economic, and strategic aspects, highlights the adaptability of these connections in the face of worldwide difficulties.    

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