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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UAE's Path to achieving net zero emissions by 2050

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Dubai

The UAE is on track to reach net-zero emissions by 2050, with Dubai leading the way to a sustainable future. The city's dedication to sustainability is shown in its ambitious ambitions and innovative programs to reduce carbon emissions and promote clean energy.

The Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, is a crucial driver of Dubai's sustainability aspirations. The park demonstrates Dubai's dedication to sustainable energy, with a goal of reaching 100 percent clean energy production capacity by 2050.

Dubai is investing in a variety of renewable energy sources, including concentrated solar energy and pumped-storage hydroelectric electricity. These investments form part of Dubai's strategy  

Furthermore, Dubai is embracing cutting-edge technology such as the Internet of Things and Artificial Intelligence to improve efficiency and lower carbon emissions. At the Mohammed bin Rashid Al Maktoum Solar Park, initiatives such as the Innovation Centre and Research & Development Centre are driving renewable energy innovation.

Truly Dubai is paving the road for a sustainable future by prioritizing clean energy production, improving operational efficiency, and investing in cutting-edge technologies. The city's commitment to sustainability will improve the environment while also making the economy more resilient and profitable for future generations.


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