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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Yemen's vulnerable families are supported by UAE's Ramadan aid in Mukalla

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UAE

The Emirates Red Crescent (ERC) has been actively helping underprivileged people, especially in Yemen, throughout the holy month of Ramadan. Zakat Al Fitr distribution in Mukalla, Yemen, is one of ERC's most recent projects. It helps about 1,270 households that are struggling with their financial and living situations.

The distribution of Zakat Al Fitr is a component of ERC's larger goal to aid needy families and fulfill obligations, particularly in view of Yemen's continuous struggles. This program demonstrates the UAE's commitment to aiding people in need both domestically and abroad and is in line with the nation's humanitarian activities.

Apart from the provision of Zakat Al Fitr, the UAE has carried out several humanitarian endeavors throughout the month of Ramadan, such as the distribution of Ramadan dates, rations, the Eid garment project, and other types of assistance. These programs demonstrate the UAE's ongoing efforts to lessen the suffering of those impacted by war and natural catastrophes, reiterating its position as the region's top supplier of humanitarian aid.

The UAE's assistance during Ramadan serves as a reminder of the value of compassion and unity, particularly in trying times. It improves the lives of those in need and gives hope for a better future, reflecting the UAE's dedication to the ideals of compassion and giving.

To date  according to the Organization for Economic Cooperation and Development (OECD), the UAE continues to rank among the largest providers of official development assistance (ODA) relative to national income worldwide. From the start of 2021 to mid-2022, the UAE has provided over $3.5 billion in foreign aid to countries around the globe. 


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