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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UAE and Azerbaijan conclude their ministerial experience exchange forum in Baku.

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UAE

The governments of the United Arab Emirates (UAE) and the Republic of Azerbaijan have successfully concluded the Ministerial Experience Exchange Forum, a two-day event aimed at fostering strategic partnerships and promoting the exchange of government experiences. Held in Baku, the forum was attended by ministers and senior officials from both nations, who engaged in over 20 sessions and meetings to explore various areas of cooperation.

The UAE delegation included prominent figures such as Ohood bint Khalfan Al Roumi, Minister of State for Government Development and The Future; Hessa bint Essa Buhumaid, Director-General of Community Development Authority in Dubai; and several other key officials from various ministries. Senior officials from various sectors were also present in the Azerbaijani delegation, which included Ulvi Mehdiyev, chairman of the State Agency for Public Service and Social Innovations. 

In November 2022, the UAE and Azerbaijan launched a strategic partnership to promote the exchange of government expertise across seven pillars, including government excellence, government services, capacity building, competitiveness and statistics, policies and strategies, government accelerators, and government performance. The forum was a significant step towards improving bilateral cooperation and communication between government leaders, paving the way for continued collaboration and mutual growth.

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