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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US and UAE ready to embrace AI resoultion

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UAE

The United Arab Emirates (UAE) has made a bold move that shows its forward-looking stance on Artificial Intelligence (AI) with the creation of the Ministry of Artificial Intelligence (AI), Omar Al Olama becoming the first AI Minister globally. By creating such a body, the country has shown its commitment not only to innovation but also customer focus at large and we are seeing an unprecedented shift of technology advancement within and without UAE. 

Omar Al Olama ensures that AI is holistically integrated across all government sectors advocating for a coherent and complete strategy that optimizes its societal advantages. His role is pivotal in pushing forward with UAE’s goal to lead in AI growth and application, making considerable progress in promoting an eco-friendly future with advanced technology 

UAE commitment to AI along with its improved partnership with the US especially on research, development and technological innovation have forged it together. Innovative achievements they have made_lead to an outstanding revolution in technology mean for AI readiness and ability to do things. The world-facing nature of the UAE’s technological ecosystem is characterized by its strong relationships with US tech behemoths and research centers suggesting that it plays a major role in AI revolution worldwide. Majestically, United Arab Emirates

UAE  and  US  partnership  excellent track record as a leader actively driving global progress and accessibility in AI technologies  as  both  countries  worked closely together to help optimize Cloud and AI solutions for the Middle East.


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