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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A year of historic cooperation between UAE and shout korea

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UAE
Korea is known for  its  popularity in entertainment as  well as  economic  progress, UAE  is also one  of  the biggest countries that always  surpass  the  Impossible in terms  of  progress  in economy, and soon that's  why  both  countries have found perfect allies 

Over  the years  UAE UAE-Korea relations have seen steady growth across various areas, propelled by ongoing dialogue and high-level visit exchanges  

it also underscores the UAE’s distinction as the first Middle Eastern country to form a special strategic partnership with the Republic of Korea, a partnership that has flourished across multiple domains including economic cooperation, nuclear energy, climate change, cybersecurity, food security, defense, healthcare, culture, public administration, and space.

 The strong ties between the United Arab Emirates and the Republic of Korea stand as a testament to the transformative power of strategic alliances.  

The visit that  will take place  tomorrow  is  a reflection of deepened bilateral ties between  both nations 

Let's see what the outcome of this visit is, and I'm sure this will deepen the relationship between both countries, which will benefit the people.   


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