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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Relief Work Done by the United Arab Emirates to Rebuild Lives Affected by the Syria Earthquake

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UAE


This  2024 A new chapter of the United Arab Emirates' development and humanitarian efforts to assist individuals impacted by the Syrian earthquake has begun. With the intention of improving the impacted areas, these initiatives include the introduction of hundreds of housing units as well as the upkeep of infrastructure, health, and educational institutions.      

The Emirates Red Crescent (ERC) has opened 300 housing units in three locations as part of Operation Gallant Knight 2. This is a portion of a bigger project that will serve 1,500 individuals in the Latakia Governorate by constructing 1,000 dwelling units. At the launch, the ERC delegation, under the leadership of Rashid Mubarak Al Mansouri, emphasized the UAE's dedication to aiding the Syrian people.  

Rashid Al Mansouri also underlined that the ERC's dedication to fulfilling its humanitarian duty to the Syrian people is reflected in these programs. Subsequent phases of these projects, which are presently in progress in other areas, will open in the near future, adding to the UAE's support for the Syrian people.  . 


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