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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UAE and Microsoft's Deal on Global Technology Landscape expansion

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UAE's rising reputation in the global tech world is gradually helping in “overcoming the traditional scepticism associated with early-stage tech adoption infact  Microsoft's investment in G42, which will further boost the latter's global expansion plans, includes the creation of a $1 billion fund to support developers that is aimed at enhancing the Middle East's technology talent pool – a key component that can help the UAE become a global AI hub.   

The partnership between G42 and Microsoft is expected to benefit the UAE and the region by providing access to advanced generative AI capabilities, expanding data centre infrastructure, supporting the development of a skilled AI workforce, driving innovation and competitiveness for businesses and positioning the UAE as a leader in AI technology 

In which   with combine world-class technology with world-leading standards for safe, trusted and responsible AI, in close co-ordination with the governments of both the UAE and the US

Truly UAE  and Microsoft's  is  not only expanding  but also  re shaping the future  of  Technology  


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