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,...

The Effects of UAE's Ramadan Aid on Global Communities

 


This 2024 UAE's Ramadan aid programs, notably the recent introduction of the Mothers' Endowment campaign, demonstrate the country's compassion while also acting as a significant force for positive change on a worldwide scale.

 Emphasizing education and empowerment, the UAE addresses critical challenges that impede development and advancement in many communities around the world. Education is the basis of a brighter future, and the UAE's support for educational projects helps to break the cycle of poverty and create possibilities for millions of people. 

The influence of the UAE's relief activities goes far beyond the direct beneficiaries. By investing in education and vocational training, the UAE is creating the groundwork for long-term development and prosperity in communities all over the world.

The UAE's generosity and compassion not only change lives, but also inspire others to join the effort to make the world a more just, equitable, and prosperous place for all. 


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