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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China’s investment in UAE

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UAE

The UAE boosted its investments in China by 120 per cent last year, accounting for “90 per cent of Arab countries' investments in China”, Mr Zhang said.

The UAE was ranked as the third-largest FDI market globally in terms of project activity in 2023, moving up from fourth the previous year, according to the latest report by data and analytics company GlobalData.

China and the UAE signed a memorandum of understanding in 2015 that paved the way for high-level education partnerships.

In 2019, China AI giant SenseTime signed a deal with Abu Dhabi to base its regional research and development headquarters in the emirate, to create hundreds of jobs.

In  this  UAE and China are expected to continue to boost their investment co-operation in sectors including manufacturing, new energy and financial services, Tony Dong, chief representative of Sino International Entrepreneurs Federation, 


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