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 president of the UAE and the amir of Qatar talk about enhancing bilateral ties and regional stability.

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UAE


The President of the United Arab Emirates, HH Sheikh Mohamed bin Zayed Al Nahyan, and the Amir of Qatar, HH Sheikh Tamim bin Hamad Al Thani, had a major phone conversation recently. The main topics of conversation were how to improve the two nations' fraternal connections and how to find ways to make them even stronger.


The leaders discussed current regional and global developments in addition to bilateral issues. Both stressed how critical it is to stop conflicts from spreading farther afield and to lower the level of escalation in the area. The necessity of a ceasefire in the Gaza Strip and other occupied Palestinian territories was specifically emphasized by them.

The leaders reaffirmed their commitment to working together to achieve a long-term, comprehensive solution to the Palestinian problem. They highlighted the need for regional security and collaboration and the relevance of bringing about a comprehensive and long-lasting peace in the area. 

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