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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Navigating Unexpected Challenges: The Biden Administration's Response to the Middle East

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Middle East

In the realm of U.S. presidential legacies, success or failure is often measured not just by fulfilling campaign promises, but by effectively handling unforeseen crises. Nowhere is this more evident than in the Middle East, a region known for its volatility and ability to upend even the most carefully laid plans.

Just a week before the October 7 attack, National Security Adviser Jake Sullivan remarked on the relative calm in the Middle East, noting that the region was quieter than it had been in decades. However, he wisely added the caveat that this could change at any moment.

Moving forward, the Biden administration faces the daunting task of not only addressing these immediate crises but also crafting a long-term strategy for stability in the region. How it navigates these challenges will undoubtedly shape its legacy and impact U.S. foreign policy for years to come.

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