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 delegation to preparatory meetings of Arab Summit in Manama

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UAE

On Thursday Khalifa Shaheen Al Marar, Minister of State, led the UAE delegation to preparatory meetings of the 33rd ordinary session of the Arab League Summit

 the preparatory meeting for foreign ministers was held in Bahrain’s capital, Manama, during which ministers agreed on a draft agenda for the summit, as well as draft resolutions, and several documents of relevance that will be presented to leaders.

On Monday, Arab ministers of economy held a preparatory meeting for the Economic and Social Council, and submitted draft resolutions in relation to the economic and social cooperation initiatives that will be presented to leaders on Thursday for approval

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