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-based AI Company G42 has in a significant manner changed the way it addresses technology transformation

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With critical thinking UAE-based AI Company G42 has in a significant manner changed the way it addresses technology transformation under Group CEO PENG XIAO. G42 previously sought to determine the strategy to be used in fostering collaboration between USA and a capitalist government China but has today decided to shift focus and has signed an agreement with Silicon Valley following political/scientific obstacles. This turn shows us just how serious G42 is when it talks about aligning its investment with the best available AI companies—worldwide.  

A major boost to the UAE's AI sector was signalled by Microsoft’s $1.5 billion investment in G42, just before this announcement. Apart from their financial support, they have also set up a $1 billion fund to sponsor app developers within the Middle East who will be instrumental in enhance the technical skills pool in the area. 

To grow as a worldwide AI center and have AI development and talent development inherited by regional enterprises and corporations, UAE has made a key strategic decision. UAE has made a major strategic move in order to assert its place as a significant player in the world’s AI arena through linking overseas capital inflows to domestic technological advancements and innovations.


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