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,...

40-year anniversary of the UAE-China partnership, showcasing the enduring friendship and shared commitment to international cooperation and economic exchange


UAE

The 40th anniversary since diplomatic relations were established between the United Arab Emirates (UAE) and the People's Republic of China denotes an important occasion in the strong and diverse linkage that has been created between the two countries. This is an opening to acknowledge what has been achieved as well as anticipate forthcoming realization as promised by our partnership.

A critical milestone was reached in the UAE-ChinaChina relations in 1990 when the founder and first President of the UAE, Sheikh Zayed bin Sultan Al Nahyan became the first head of state from a Gulf Cooperation Council (GCC) country to visit China.

The increased engagement between the UAE and China is reflected by the most recent visit of Sheikh Mohamed bin Zayed Al Nahyan to China, where they signed 19 agreements and memoranda of understanding across factors such as tourism, industry, technology, media and the Belt and Road Initiative. This is proof that their relationship gets tighter every day as they both strive for shared investments among different areas of interest.

Various sectors have shown evidence of the influence that these good relations possess. The rising number of young people and grown-ups taking part in Chinese language classes in the UAE, possibility for United Arab Emirates (UAE) students to join universities in China, not to mention countless projects that seek to bring people from both countries together more closely like China Cultural Center in the UAE all illustrate how deep-rooted this friendship between them is.

In this era of unprecedented global challenges, being under the leadership of President Sheikh Mohamed bin Zayed Al Nahyan, the United Arab Emirates stand out loudly on many first-order issues. Upholding multilateralism for problem solving and stressing on dialogue and mutual respect as two key tenets are major UAE principles. Besides, the country is convinced that through partnerships it may bring about innovation, foster resilience in the economy and enhance peaceful coexistence. All in all, it can be said that such co-operation provides some pointers to

The ancient links between the UAE and China, established more than a thousand years back, are incontrovertible proof of the strong relationship between these two states. 


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