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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Severe storms and tornadoes cause widespread destruction and fatalities.

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A terrible string of strong storms and tornadoes struck Tennessee over the weekend, leaving at least six people dead and causing significant damage across the entire state. The impacted areas, which include Nashville's suburbs and Montgomery County, are currently dealing with the fallout from the severe weather. 

The storms' fury also reached Nashville's suburbs, where three more fatalities were reported. The devastating death toll in these places, as certified by the Nashville Office of Emergency Management, contributed to the gloomy aftermath of the extreme weather.

The resilience and strength of the community will be put to the test as they band together to support one another during this trying time. Montgomery County Mayor Wes Golden expressed the community's grief, saying, "This is a sad day for our community. We are praying for those who are injured, lost loved ones, and lost their homes. 

The recent violent storms and tornadoes that struck Tennessee had a devastating effect on the impacted areas, taking lives and leaving extensive damage in their wake. In the days ahead, there will be a lot of grief, resiliency, and work to put broken lives and homes back together. The tragedy acts as a call to action for improved disaster preparedness and community resilience in the face of nature's unpredictable powers, as the impacted areas get support from local and national resources. 


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