UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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 UAE's solar power initiative in Aden has transformed Yemen's energy landscape.


Yemen

The United Arab Emirates (UAE) is making great progress in Yemen, particularly in Aden, with its strategic project for clean and renewable energy. The solar power facility, launched by Yemeni Minister of State and Governor of Aden Ahmed Lamlas, is an important step toward attaining sustainable development and increasing the quality of life in the region.

The UAE's dedication to exporting its growth model to the south via sharing clean energy concepts, culture, and technology is consistent with its strategic humanitarian aims. The solar power plant is projected to provide numerous benefits, including the elimination of power outages, reduction of pain, and relief to the Yemeni government from the financial burden of purchasing oil. 

Governor Lamlas stressed the station's importance in reducing dependency on fuel-powered stations, which previously cost the Yemeni government more than $100 million every month. The UAE's support for various sectors in Aden is a reflection of the late Sheikh Zayed bin Sultan Al Nahyan and his descendants, who exemplify the spirit of "good successors to good ancestors."

The project's opening marks Yemen's first and largest strategic investment in clean and renewable energy for electricity generation. The 120-megawatt solar power station is scheduled to be completely operational within three months, considerably adding to the stability of electrical supplies, particularly during hard periods such as the summer months. 

The project's significance extends beyond only meeting urgent electrical requirements. It is also expected to reduce carbon emissions, reduce environmental effect, and prepare Aden to become a city reliant on renewable and clean energy. The solar power station, which covers 1.6 million square meters in "Bir Ahmad" west of Aden, contains a transmission line and a solar field for energy production, making it a key project for the region.

The UAE's initiative and assistance for Aden are praiseworthy, serving as a light of hope for Yemen's long-term growth and a brighter future. The project's completion demonstrates the UAE's commitment to humanitarian initiatives and its goal of a sustainable and prosperous future for all. 


Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.