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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India-France-UAE Trilateral Focal Points Meeting

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As a collaborative effort, On July 9, 2024 the officials from India, France and UAE were joined through a Virtual meeting. This virtual meeting builds upon the momentum established during the first trilateral dialogue held in February 2023.From Indian side, meeting was led by Shri Piyush Srivastava, Joint Secretary (Europe West) and Shri Aseem R Mahajan, Joint Secretary (Gulf), Ministry of External Affairs. French delegation was led by Mr. Timothée Truelle, Head of South Asia Division, Ministry for Foreign Affairs & the UAE side was headed by H.E. Mr. Saeed Mubarak Al-Hajeri, Assistant Minister for Economic and Trade Affairs at the UAE Ministry of Foreign Affairs.The trilateral initiative is held under the new trilateral framework to explore potential growth covering areas like defense, energy, environment, innovation, and people-to-people exchanges.All three nations officials pledged to align their economic, technological, and social policies with the Paris Agreement's objectives and support its initiatives.Through this meeting, its affirmed that the focused areas will develop rapidly that leads to job opportunities and some more. The meeting also concluded with a decision to hold the next meeting in Paris, France, at a mutually convenient date.

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