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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Jordan's King and the President of the UAE Talk About Regional Concerns and Bilateral Ties

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UAE


In an effort to fortify their long-lasting alliance, President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty King Abdullah II bin Al Hussein of Jordan recently met. The conversations, which took place in Amman's Basman Palace, touched on a number of topics, such as the economy, investments, food security, renewable energy, and sustainability.

The leaders also discussed regional issues, including the Gaza Strip's humanitarian catastrophe. They emphasized the necessity for quick action to address the worsening situation, highlighting the urgency of a ceasefire and the protection of civilians in accordance with international law.

Also, Sheikh Mohamed and King Abdullah stressed how crucial it is to have a two-state solution-based political plan in order to bring about long-lasting peace and stability. Their dedication to Arab collaboration and solidarity is a reflection of a common goal for the growth and prosperity of the region.
Jordanian hospitality is symbolized by King Abdullah II's luncheon, which marked the end of the visit. The conversation confirmed the two countries' long-lasting friendship and their shared dedication to promoting peace and development in the Middle East

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