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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United Arab Emirates' improved rating in the Global Risk Index has given a boost to the financial services sector

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UAE

Under the leadership of the High Committee overseeing the National Strategy for Anti-Money Laundering and Counter Terrorism Financing and the Executive Office for Anti-Money Laundering and Counter Terrorism Financing the UAEUAE has taken a lead in combating Significant progress has been achieved in the international index.  

Led by our  visionary leader  with  the  help  of  Higher Committee Overseeing the National Strategy for Anti-Money Laundering why  the UAE UAE achieved notable progress in a leading international index for combating money laundering and terrorist financing. 

 Reflects  UAE's dedication to strengthening its framework against money laundering and the financing of terrorism, enhancing investor confidence, and cultivating a more advantageous business climate.   

No doubt  that UAE is poised to attract increased investment, facilitate smoother  and further solidify its position as a leading member of the global financial community and a trusted partner.  

Also seeing  the  UAE's removal from the FATF Grey List marks a significant milestone, reflecting robust enhancements in the nation’s Anti-Money Laundering and Counter-Terrorism Financing frameworks.   

This  ratings in Global Anti-Money Laundering Risk Index enhanced  the  confidence in economic, financial sectors


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