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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The influence of the UAE on the BRICS signifies a brand-new era of worldwide collaboration.

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The entrance of  United Arab Emirates to BRICS signals an important turning point in the country's global and economic policy. As part of BRICS membership along with Brazil, Russia, India, China and South Africa; UAE will have a significant say over global economic policies which could benefit developing nations worldwide. The BRICS Foreign Ministers have also released together a declaration concerning cooperation in food security. 

An important consequence of the UAE’s membership to BRICS is the widening possibilities for diplomacy and business. While holding its Annual Investment Congress (AIC), UAE focused on the influence that BRICS states can generate for the world economy, accentuating on the need for cooperation and investing. Abu Dhabi not only joined the BRICS New Development Bank but also was present at other BRICS meetings as well as summits which gave it more importance within this group. 

When the UAE joins BRICS, it will open a new age of global cooperation that comes with chances for better living standards, peace building, and rule making/domestic and international economy management to individual nations. Any country that is accepted as a full member of BRICS stands out as having the ability to fulfill the needs from basic to luxury goods production across wide regions. 


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