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 Serbian cooperation, strategic partnership

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UAE

Both nations  reviewed UAE and Serbia ties and their comprehensive strategic partnership and explored avenues for further development to achieve the shared interests of the two countries and their peoples  

And stressing the depth of the friendship relations between the two countries. 

He also expressed his aspirations to work with the Serbian Foreign Affairs Minister to bolster bilateral cooperation within the framework of the comprehensive strategic partnership between the UAE and the Republic of Serbia. 

The two minister discussed a number of topics and issues of mutual interest.

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