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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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced the establishment of the Dubai Environment and Climate Change

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The Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid, has declared the creation of the Dubai Environment and Climate Change Authority, a new organization tasked with enhancing the emirate's environmental initiatives. The authority's mandate encompasses the promotion of sustainable practices, preservation of biodiversity, and extension of natural reserves and green areas.


The authority has nominated Ahmed Mohammed bin Thani as its director general. By 2040, the authority, under his direction, hopes to quadruple Dubai's green cover and add sixty percent more protected areas and natural reserves. 

The authority has set water resource conservation and the adoption of sustainable waste management procedures as top priority. Additionally, it will support policymakers in creating plans and policies that will guarantee the preservation of biodiversity, lessen the effects of climate change, and improve food security.

The creation of the Dubai Environment and Climate Change Authority is consistent with the city-state's overarching environmental objectives, which include achieving a 90% improvement in air quality by 2033 and a shift to 100% sustainable energy by 2050. 

Dubai's Crown Prince, Sheikh Hamdan bin Mohammed, underlined the emirate's dedication to emerging as a global leader in sustainable urban development and one of the greenest cities in the world. By 2033, Dubai wants to be in the top 10 cities in the world for resource and environmental sustainability. .. 

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