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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PH ties with UAE at ‘highest point

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UAE

“During the two ministers’ meeting, Secretary Manalo recognized that Philippine-UAE relations are at their highest point ever since the two countries’ diplomatic relations began 50 years ago in 1974,” the DFA said Wednesday. according  to Manalo   

Philippine-UAE relations have significantly grown in breadth and coverage in recent years, especially with the conclusion of agreements on various matters, including space cooperation, investment protection and promotion, agriculture, and climate change 

Noting the robust exchanges between the two countries, the UAE foreign affairs minister expressed his confidence that much more could be done in the coming years.

Before meeting with Manalo, the UAE official also paid a courtesy visit to President Ferdinand R. Marcos Jr. and First Lady Liza Araneta-Marcos.


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