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,...

The Partnership Between the UAE and Germany: A Model for Global Collaboration

 UAE

The connection between the Federal Republic of Germany and the United Arab Emirates is a shining example of successful collaboration in an increasingly linked world. In addition to benefiting both countries, this extensive strategic alliance—which was founded on the values of respect for one another and common objectives—has made a substantial contribution to international initiatives in fields like security, economic growth, and sustainability. 

Both  Countries have established a solid basis of collaboration since their diplomatic ties were established in 1972, which has produced positive results in a number of areas. Sustainability is one of the main areas of cooperation, since both nations have achieved great progress in encouraging renewable energy, lowering carbon emissions, and safeguarding the environment. 

The alliance between the UAE and Germany also prioritizes economic development. The UAE trades billions of dollars with Germany each year, making it one of its top trading partners. Growth, innovation, and jobs have all been fueled by this economic collaboration in both nations.
Hundreds of German companies are now operating in the UAE, as well as 14,000 German citizens living in the UAE and contributing to the country's development process. 

Also  The volume of non-oil trade exchange between the UAE and Germany amounted to nearly $9.6bn in 2022. The share of UAE exports in these exchanges is approximately $1,359.40  last  2023
A crucial component of the alliance is security, as the UAE and Germany collaborate to tackle local and international issues such as conflict resolution and terrorism. Both nations have improved their security capacities and added to the peace and stability in the region through cooperative projects and exchange programs. 

it also shows that nations can do significantly more when they cooperate rather than when they work alone. This alliance is evidence of the effectiveness of teamwork in creating a better future for everyone, particularly in light of the complex challenges facing the globe today.  

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