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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UAE Presents Credentials to Burkina Faso, Strengthening Diplomatic Ties

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UAE

The UAE is committed to fostering international relations, as evidenced by Ambassador Yousef Saif Sebaa Al Ali's presentation of credentials to His Excellency Captain Ibrahim Traoré in Burkina Faso. This diplomatic encounter indicates not only the two countries' growing closer ties but also the UAE's dedication to global cooperation. 

His Excellency Captain Ibrahim Traoré met with Ambassador Yousef Saif Sebaa Al Ali, who also extended a warm greeting to His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the United Arab Emirates. The mutual best wishes demonstrate the cordial and productive nature of the diplomatic partnership. 

Everyone is hoping that Ambassador Al Ali's tenure as the UAE's non-resident ambassador to Burkina Faso would be fruitful. In the continuous efforts to strengthen diplomatic, commercial, and cultural connections between the UAE and Burkina Faso, this is a major milestone. 

The United Arab Emirates' dedication to promoting global collaboration is still a fundamental component of its foreign policy. Presenting credentials is more than just a formality; it's a sign of the UAE's proactive involvement in forging connections with other countries. The bilateral relationship with Burkina Faso is expected to flourish and add to the larger field of international diplomacy. 

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