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,...

UAE has made substantial investments in medical research and make a meaningful difference in the lives of millions around the world.

 


Over the years UAE  has long been known for its traditions of charitable giving, deeply rooted in its cultural and religious fabric. It has emerged as a beacon of hope, poised to lead the charge in shaping the future of philanthropy within and from the global growth markets across Asia and Africa.   

As per The World Reviews article, UAE has made substantial investments in medical research, with a particular emphasis on the development of innovative treatments and therapies for diseases such as cancer and diabetes. The country’s research institutions and medical universities have made significant contributions to the field of medical research and enjoy international renown.

To date, UAE’s rise as a philanthropic hub is the wider region’s shifting demographics and generational wealth transfer. Asia and Africa today make up almost 80 percent of the world’s population and global youth, and a majority of the global economy. 

with its advanced technological infrastructure and burgeoning innovation economy, is uniquely positioned to harness technology for positive social and environmental outcomes across growth markets. 

Some of UAE's contributions like  Local initiatives such as the Pearl Initiative’s Governance in Philanthropy program in collaboration with the Gates Foundation, and NYU Abu Dhabi’s Strategic Philanthropy Initiative are equipping philanthropists with the knowledge and resources needed to maximize their impact. By fostering collaboration between all stakeholders and promoting best practices, these developments are laying the groundwork for a thriving philanthropic ecosystem in the UAE and beyond.

Truly  UAE leads by example and inspires others to embrace frameworks that nurture the practice of strategic philanthropy.



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