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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This year UAE and China is building on the strong strategic ties in terms of enhancing cooperation in media sector

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UAE

As this  May  Sheikh Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the UAEUAE Media Council, discussed with ZHU Yonglei, Vice Minister of the National Radio and Television Administration of People's Republic of China (NRTA), ways of strengthening cooperation mechanisms and sharing expertise in different media sector 

This relationship, characterised by diversity and depth, is driven by a strong political will reflected in mutual visits between the leadership of the two countries and their commitment to deepening relations, cooperation, coordination, and the exchange of visions 

Both  countries  desire to establish a distinguished model of cooperation and media partnership that would contribute to enriching the media landscape in both countries.

 Including cooperation in the field of artificial intelligence (AI) in the media sector and keeping up with the latest media technology and global changes. 

Sheikh Abdulla bin Mohammed bin Butti Al Hamed said that  UAEUAE's laws in the media sector, which promote and motivate national talent to create Emirati content that boosts national values and identity among youth, aligning with the guidance of the wise leadership to advance the media industry, leveraging the UAE's strengths and competitive advantages to enhance its economic contribution.

He also  added    UAE is a leading global media hub, as it established an appealing platform and infrastructure for international media entities, including large multinational corporations, small to medium-sized enterprises (SMEs), and independent entities, to foster creativity and collaboration. 


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