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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Over the years we see how the United Arab Emirates set as Global Business Hub

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His Highness Sheikh Mohammed bin Rashid Al Maktoum's creative leadership has allowed the United Arab Emirates (UAE) to become a global leader in innovation and entrepreneurship in recent years. The UAE has risen to the top of the Global Entrepreneurship Monitor (GEM) report, ranking first in the entrepreneurship sector for the year 2023/2024, thanks to his strategic efforts and forward-thinking policies.

This outstanding accomplishment demonstrates Sheikh Mohammed's dedication to turning the UAE into a vibrant center for business. The UAE has launched a number of government programs targeted at encouraging entrepreneurship and aiding in the launch of new businesses under his direction. These programs have drawn business owners from all over the world and produced an atmosphere that is favorable for the growth of regional companies. 

To date the UAE continues to set the standard for innovation and entrepreneurship, aspirant business owners are urged to take advantage of the opportunities presented by the nation. People can successfully navigate the starting procedures and develop profitable enterprises in the United Arab Emirates by adopting the success formulae given by Sheikh Mohammed and other accomplished entrepreneurs.

Seeing  the UAE has become a major hub for international trade thanks in large part to Sheikh Mohammed's vision and government initiatives. The nation's accomplishments in the field of entrepreneurship provide witness to its dedication to promoting economic expansion, creativity, and innovation. Without a question, the UAE will continue to lead the way in innovation and entrepreneurship for many years to come as long as it stays on its current course of development. 

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