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 Will Take Part in China-ASEAN Expo as a Special Partner Nation

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UAE

The United Arab Emirates (UAE) is the first member of the Gulf Cooperation Council (GCC) to be awarded this distinction, having announced its participation as a Special Partner Country in the upcoming China-ASEAN Expo (CAEXPO). This development was made public by the CAEXPO Secretariat on Sunday, underscoring the importance of this collaboration.


A delegation from the United Arab Emirates is expected to visit the 21st CAEXPO in Nanning, the capital of the Guangxi Zhuang Autonomous Region in south China, according to Liang Yiguang, the deputy secretary-general of the CAEXPO Secretariat. September 24–28 is when the expo is expected to happen, and the UAE will have a national pavilion there. 

The UAE's involvement in CAEXPO as a Special Partner Country is a reflection of the expanding political and economic links between China, the UAE, and the ASEAN region. It gives the UAE a stage on which to highlight its economic prowess, encourage trade and investment opportunities, and cultivate tighter connections with China and the ASEAN nations.

All things considered, the UAE's involvement in CAEXPO as a Special Partner Country is evidence of its rising international prominence and dedication to fortifying alliances with significant regional entities. In order to promote progress and prosperity on both sides, the event offers the UAE a significant chance to deepen its commercial, cultural, and commercial ties with China and the ASEAN countries. .. 

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