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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Relations between India and the United Arab Emirates: A Vision for Multilateral Cooperation and Growth

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India


In 2023, India and the UAE's dynamic partnership reached new heights, defined by strategic efforts and expansions. Beyond the usual energy-focused ties, bilateral relations have expanded into a multidimensional cooperation that includes trade, tourism, culture, and other aspects. This article dives into the revolutionary occurrences that have enhanced the two countries' friendship. 

The India-Middle East Economic Corridor was one of the important announcements in 2023. This ambitious program intends to improve economic collaboration by encouraging growth and development along a corridor connecting the two regions. The corridor represents a shift toward a more comprehensive and strategic collaboration, laying the groundwork for shared prosperity
Beyond politics, India and the UAE have a relationship that includes cultural exchanges, tourism, and culinary diplomacy. The basis is formed by millennia-old links, creating a rich tapestry that honors variety and common heritage. These cultural exchanges serve as bridges connecting individuals and encouraging mutual understanding as both countries continue to explore new opportunities for collaboration. 

The developing partnership between India and the UAE represents a new age of collaboration that crosses traditional boundaries. The India-Middle East Economic Corridor, BRICS expansion, and aspirational vision statement demonstrate both countries' commitment to a future of shared growth and prosperity. As this relationship develops, it establishes a model for collaborative diplomacy in the twenty-first century. 

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