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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The Developing Relationship Between India and the UAE

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UAE


Since July 2023, India and the United Arab Emirates (UAE) have exchanged five notable visits, demonstrating the growing importance of their bilateral relationship. This spike in diplomatic engagements shows a shared desire to strengthen connections and explore opportunities for collaboration across industries.

One notable feature of the India-UAE relationship is the UAE's significant role as one of India's top investors, notably in terms of foreign direct investment (FDI). The UAE's investments in India encompass a wide range of sectors, from infrastructure and real estate to technology and renewable energy, and have made a substantial contribution to its economic growth and development. 

Beyond economic collaboration, India and the UAE are starting on a strategic alliance marked by diplomatic engagement, cultural exchange, and interpersonal linkages. These contacts help to improve mutual understanding and trust, laying the groundwork for long-term collaboration in areas of shared interest.

As India and the UAE manage the intricacies of regional and global dynamics, their strategic collaboration has enormous potential to affect the future landscape. By using their unique strengths and resources, both nations are well-positioned to handle common challenges and grab new opportunities, establishing a relationship based on innovation, diversity, and shared values. 


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