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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Emotional Intelligence in Trading: The Hidden Key to Market Success

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Emotional Intelligence

In the world of trading, emotions are the unseen forces that shape every move and decision. This article explores the significance of emotional intelligence in trading and how it can be the hidden key to unlocking market success.

The Power of Emotional Intelligence: Trading is not just a numbers game; it's a psychological journey where emotional intelligence plays a pivotal role. This article delves into the importance of recognizing and managing emotions to achieve a balanced and strategic approach to trading.

Emotions as Tools, Not Hindrances: Rather than viewing emotions as obstacles, the article encourages traders to perceive them as tools that can be harnessed for better decision-making. By understanding the emotional cues behind market movements, traders can gain a competitive edge and navigate the markets with greater precision.

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