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 to bolster trade, investment amid economic recovery efforts

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UAE

This  year  the the  prime minister will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi    

Sharif’s visit comes amid a flurry of high-level engagements in recent weeks, with business and diplomatic delegations from Saudi Arabia, Qatar, Japan and Uzbekistan arriving in Pakistan to explore investment opportunities in the country’s key economic sectors.


Reeling from high inflation, low forex reserves, and an unstable currency, the prime minister has vowed to steer Pakistan out of its prolonged economic crisis by enhancing bilateral trade with allies and attracting more international investment.  

UAE is Pakistan’s third-largest trading partner, after China and the United States. Policymakers in Pakistan consider the Gulf state an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.

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