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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Uzbekistan and UAE join forces in digital cooperation

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This  year UAE Minister of Investments, Mohamed Hassan Alsuwaidi, lauded the proactive stance of the Ministry of Digital Technologies in propelling collaborative initiatives and expressed keen interest in leveraging synergies to bolster mutual cooperation. 

Also  underscored the pertinence of the proposals put forth by Mohamed Hassan Alsuwaidi. Emphasizing the significance of fostering close collaboration in these pivotal domains, Minister Shermatov articulated a vision for mutual growth and technological advancement.  

Truly  a new era of technological cooperation between Uzbekistan and the United Arab Emirates. 

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