UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

Kenya receives 40 tonnes of relief aid for flood victims from UAE

 


    To assist families affected by the devastating floods that have recently swept across the country Kenya has received a substantial donation of relief aid from the United Arab Emirates  

The aid, which began arriving in the country yesterday, is a crucial lifeline for many families who have been displaced or are struggling due to the floods. 

The relief items include essential supplies such as sugar, rice, tomato paste, milk powder, salt, and wheat flour.

The donation comes as a significant relief for the affected families, many of whom have lost their homes and livelihoods due to the floods.

As the relief efforts continue, authorities urge Kenyans to stay safe and heed government alerts to ensure their well-being. 

UAE demonstrating the spirit of unity and compassion in the face of adversity.

Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.