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 UAE is a popular destination for wealthy foreigners for a number of reasons.

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Many billionaires in the UAE are drawn to the country's zero income tax policy. As a result, people travel to the United Arab Emirates in order to safeguard and increase their wealth without having to pay high taxes on it.   

The United Arab Emirates (UAE) provides a golden visa program that permits investors, entrepreneurs, and professionals to stay in the nation for an extended period of time. This effort has been essential in attracting skilled labor and funding from around the world.   

Due to its strategic location at the crossroads of Asia, Africa, and Europe, the UAE can be quite alluring for investment. This is also important information for visitors planning meetings there.   

UAE Offers  a lots of opportunities for ventures and investments. Under a stable political climate, the state of the United Arab Emirates can enjoy a sense of security and predictability, both of which are necessary for efficient long-term planning.    

Countries that have seen the greatest growth in high-net-worth individuals are those with policies specifically designed to attract millionaires. Nine of the top ten countries attracting the most millionaires in 2024 have formal investment migration programmes that encourage foreign direct investment in exchange for residence or citizenship rights 


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