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,...

Report Indicates Continued Worldwide Involvement Despite Obstacles

 


The DHL Global Connectedness Report offers a thorough understanding of global flows with insights from around 9 million data points. Even if complete globalization is still a ways off, foreign activity has persisted, expanding into new markets and growing more quickly than domestic activity. 

Accelerating digital connection through technology adoption promotes participation in global opportunities, particularly for the United Arab Emirates. When paired with strategic policies, this makes the country a dynamic participant in international trade networks.


The majority of international exchanges, according to the results, are occurring across longer distances as well, defying regionalization projections. The Middle East, spearheaded by the United Arab Emirates, excels in areas such as trade, ranking second in the world.

The research indicates that nations like the United Arab Emirates have resolutely maintained their engagement globally, despite economic and political unpredictability.

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