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 Investment Trends Outlook from the UAE International Investors Council

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UAE

The UAE International Investors Council (UAEIIC) has published its investment trends outlook, emphasizing the nation's strategic emphasis on Asia and the Arab world. The Secretary-General of the UAEIIC, Jamal Bin Saif Al Jarwan, claims that despite difficulties in the world economy, UAE investments overseas are doing well.

According to Al Jarwan, the UAE is a major player in the world economy with an estimated $2.5 trillion in foreign assets. The nation's investments are intended to provide worthwhile and feasible initiatives for future generations, exhibiting responsible economic management and a dedication to growth and collaboration.   

The UAE's investments in Asia and the Arab world are a true reflection of its leadership in the global economy and its ambition for sustainable development. The United Arab Emirates is consolidating its standing as a major participant in the international economy by means of strategic alliances and wise investment choices.  


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