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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The Zayed Humanitarian Legacy Initiative is launched by President Sheikh Mohamed bin Zayed as a tribute to Sheikh Zayed's humanitarian vision.

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UAE

The initiative, which was unveiled on Zayed Humanitarian Day and coincided with the 20th anniversary of Sheikh Zayed's demise, highlights the UAE's steadfast support of global humanitarian concerns.  

The initiative aims to spread Sheikh Zayed's humanitarian legacy to underserved areas across the globe. Through the provision of essential assistance in domains such as healthcare, education, and livelihood initiatives, the project will enable marginalized communities and facilitate their ascent to greater prosperity.

 It emphasizes the UAE's dedication to using humanitarian action to address the most important issues facing the globe and promote growth and stability on a worldwide scale.   

Through this program, millions of lives will be changed, demonstrating the ability of kindness and giving to affect good change in the world. 


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