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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A Look at the $30 Billion Relationship Behind the UAE's Growing Investment in Morocco.

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UAE

With over $30 billion in investments flowing into the country of North Africa, Morocco has emerged as a major hub for investment from the United Arab Emirates (UAE). The increase in investment indicates a new phase of cooperation and expansion and highlights the strengthening economic ties between the two nations.


The UAE International Investors Council Secretary-General, Jamal Saif Al Jarwan, disclosed this noteworthy investment amount, providing insight into the UAE's growing worldwide investment footprint. He pointed out that as of early 2024, the UAE's total foreign investments—which include both public and commercial sectors—had increased to about $2.5 trillion. With the UAE ranked first in West Asia and the Arab world and 15th globally for foreign investment, this puts the country at the forefront of the global investor community. Emirati investment 

With substantial holdings in bonds and direct investments totaling $65 billion, the United States continues to be the greatest beneficiary of UAE investments; nevertheless, Morocco has emerged as an important destination with its $30 billion share. This large investment in Morocco highlights the nation's appeal as a hub for foreign direct investment, providing bright prospects for economic development and expansion.

The UAE's investment in Morocco is evidence of the two countries' close economic relations and the advantages of their cooperation. This collaboration is anticipated to further boost economic growth and open up new chances for both nations as Morocco continues to draw in foreign investment. 

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