UAE Non-Oil Business Activity Surges to Nine-Month High in December

Image
 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,...

The UAE is increasing its aid efforts in Gaza with its 238th flight to Al Arish

 


Yesterday  UAE  sent  UAE aid plane to be dispatched since the launch of 'Operation Chivalrous Knight 3' on November 5, 2023, to support Palestinian people.  

The UAE's humanitarian approach to supporting the Palestinian people is a testament to its firm stance to provide them with relief aid spanning the past few decades

In  which  Operation Chivalrous Knight 3 was launched by the Joint Operations Command of the Ministry of Defence in coordination with the Emirates Red Crescent, the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and the Khalifa bin Zayed Al Nahyan Foundation.

The UAE has already airlifted 33,000 tonnes of food and medical aid and shelter equipment via 395 cargo planes, including 103 aircraft that participated in airdrops as part of the 'Birds of Goodness' operation.

Aid was sent to Gaza by six cargo ships that set sail from Cyprus, as well as 1,243 trucks 


Comments

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.