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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Dubai to Take Off as Global Leader in Air Taxi Industry

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 Dubai


Joby Aviation has signed a milestone agreement with Dubai's Road and Transport Authority to operate an electric air taxi service in the city. With starting operations scheduled for 2025 and exclusive rights secured for six years, this strategic agreement puts Dubai at the forefront of innovative air mobility worldwide.

RTA chief Mattar Al Tayer welcomed the agreement, reaffirming Dubai's commitment to sustainable mobility innovation. The air taxi network offers 10-minute journeys between key sites such as airports and Palm Jumeirah, significantly reducing travel times compared to road congestion. 

In addition to the cooperation, the initial vertiport sites have been confirmed. Residents and visitors will have easy access to the future of mobility and present infrastructure beginning in 2026.

This is a significant step towards His Highness Sheikh Mohammed's ambition of Dubai as a global leader in aerial transportation technology implementation. Positioning the emirate at the intersection of investment and operations ensures first-mover advantages in air taxi services worldwide.

With a legislative framework matched with evolving FAA requirements and Joby's experience, Dubai is primed to achieve its flying taxi potential much sooner than other global cities. Strengthening the UAE's status as a hub for sophisticated air mobility industry development.

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