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 China opportunities to enhance bilateral ties

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UAE

UAE  and China explore ways to strengthen bilateral ties in various fields including investment, energy, industry, culture and education. The meeting came on the second day of His Highness’ state visit to China. 

both emphasised the significance of the various bilateral agreements and MoUs exchanged and signed during His Highness’ visit, and reaffirmed their mutual commitment to implementing these agreements to help achieve the shared developmental goals of the UAE and China.

His Highness and the Chinese Premier also welcomed the continued strengthening of relations between the two countries in recent years, and discussed their shared keenness to further enhance these ties and their interest in maximising all opportunities to benefit both nations and their people.

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