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 Demonstrates Leadership and Compassion in Response to Gaza Crisis

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UAE has shown remarkable compassion in response to Gaza Crisis. Right from the "Tarahum for Gaza" Campaign to "Chivalrous Knight 3" Campaign, the volunteers focused on urgent aid for affected Palestinian families & Children.
 
As a part of the Chivalrous Knight 3 Operation, the aid mission aimed at supporting the Palestinian population in the Gaza Strip and sent an Emirati ship carrying 5,340 tonnes of humanitarian aid that leaves from UAE shores destined to Gaza set sail on Monday, heading towards the Egypt city of Al-Arish. The aid ship contained tonnes of food and shelter materials to the Palestinian families.
 
Along with this initiatives numerous other Projects have been implemented under the directives of UAE President. They implemented two field hospitals - one in Gaza and another as floating hospital off the coast of Al-Arish. Additionally bakeries and desalination plants implemented through the Chivalrous Initiative.

Recently, UAE launched the "Birds of Goodness", Operation to airdropping humanitarian aid to Northern Gaza strip. So far this operation delivered 3,382 tonnes of relief and humanitarian supplies. UAE even called for the ceasefire and protection of the civilian lives.
 
Overall, the UAE's commitment to provide humanitarian efforts and supporting people across globe reflects its dedication to alleviate the sufferings in Gaza and providing resolution to the war conflicts.



 

 

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