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 Collaborates with the UN Climate Security Mechanism to Address Peace and Climate Change

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UAE

With a commitment of US$1.2 million, the United Arab Emirates has announced a new cooperation with the UN Climate Security Mechanism (CSM) to enhance the UN's ability to address the interconnections between climate change, peace, and security. As part of the relationship, the UAE will pay US$600,000 annually for two years, making it the first donor from the Global South to do so to the CSM.

Undersecretary for Energy Transition and Sustainability Affairs Abdulla Balalaa underlined the UAE's dedication to proactive diplomacy and international cooperation on global concerns. In order to evaluate climate-related security threats and create risk avoidance and management plans, the partnership will finance the hiring of a Climate Security Advisor at the UN Assistance Mission in Afghanistan (UNAMA).

The UAE's relationship with the CSM is welcomed by Rosemary DiCarlo, UN Under-Secretary-General for Political and Peacebuilding Affairs, who said that it has a good influence on global peace, security, and climate initiatives. The UAE's dedication to the collaboration highlights its continuous endeavors to propel the global agenda for peace, security, and climate change.






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