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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UAE Embassy in Manila Commemorates International Day for Human Fraternity: A Call for Peaceful Coexistenc

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The United Arab Emirates (UAE) Embassy in Manila recently observed the International Day for Human Fraternity, highlighting the need of promoting ideals essential to world peace. Since the United Nations adopted a resolution in 2020, February 4th has been observed yearly. This day serves as a poignant reminder of the necessity of coexisting peacefully. The UAE's efforts, which culminated in the historic encounter between Pope Francis and the Grand Imam of Al-Azhar in 2019, are the source of this project. 

The UAE's proposal to bring Pope Francis and Sheikh Ahmed el-Tayeb, the Grand Imam of Al-Azhar, together on February 4, 2019, in Abu Dhabi, is the source of the International Day for Human Fraternity. The "Document on Human Fraternity for World Peace and Living Together," which was signed at this historic summit, established the framework for a year in which the United Arab Emirates will be devoted to tolerance.

The United Arab Emirates proclaimed 2019 to be the "Year of Tolerance," symbolizing a dedication to creating a global community in which diversity is honored and harmony triumphs over conflict. The UAE's crucial role in starting this worldwide celebration highlights its commitment to advancing equity, peace, and cultural diversity in the global arena.

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