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,...

The Role of Blue Carbon in Combating Climate Change

 

Climate  change

As the world grapples with the impacts of climate change, scientists are increasingly turning their attention to the potential of blue carbon ecosystems to mitigate carbon emissions. Blue carbon refers to carbon stored in coastal and marine ecosystems, including mangrove forests, seagrass meadows, and salt marshes.

According to a study published in Nature, these ecosystems are estimated to store over 30 billion tonnes of carbon globally. Restoring and conserving these ecosystems could significantly contribute to offsetting the world's carbon emissions, potentially canceling out around three percent of annual emissions.

Unlike terrestrial ecosystems, where carbon is stored in vegetation, blue carbon ecosystems store carbon in their sediments. This makes them highly effective carbon sinks, removing carbon dioxide from the atmosphere and storing it for long periods.

Maitha Al Hameli from the Environment Agency - Abu Dhabi (EAD) emphasizes the importance of these ecosystems in carbon sequestration. She explains that as long as these ecosystems remain undisturbed, they can continue to store carbon for many years, making them valuable tools in the fight against climate change.

In addition to their role in carbon sequestration, blue carbon ecosystems provide a range of ecosystem services, including coastal protection, habitat for biodiversity, and water filtration. Protecting and restoring these ecosystems not only helps mitigate climate change but also provides valuable benefits for both nature and society.

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