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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A Global Talent Paradise Revealed by Deel's Annual Global Hiring Report

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UAE

Deel's Annual Global Hiring Report has made a ground-breaking discovery by highlighting the United Arab Emirates (UAE) as the go-to destination for foreign professionals looking to obtain work permits. This not only represents an important turning point for the UAE, but it also solidifies its standing as a major player in the global economy, drawing in highly qualified workers from all over the world. Beyond this amazing accomplishment, the research explores the emerging patterns influencing the employment market in the United Arab Emirates.  

Using data from a thorough examination of contracts made in 160 different nations, Deel's paper illustrates how recruiting practices are changing in enterprises located in the United Arab Emirates. The results highlight a strong affinity for professionals from the United Kingdom, France, the United Arab Emirates, India, and Turkey, which reflects the nation's dedication to developing a vibrant and diversified multinational workforce.  

The research goes on to highlight the growing influence of professionals from the United Arab Emirates on the global labor market. Businesses in the US, UK, Australia, and Canada are appreciating and acknowledging the talent pool that the UAE is producing, especially in fields like software development, marketing and advertising, financial services, IT and services, and computer software. This change strengthens the UAE's standing as a leader in influencing global work practices while also enhancing the country's talent pool. 


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