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 Mission on ensuring Peace In Sudan

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The current situation in Sudan remains complex with the ongoing conflicts, facing significant humanitarian crisis, with millions of people in need of assistance. Sudan facing severe economic challenges like high inflation, shortages of essential goods and so on.To combat the crisis, UAE is on mission providing humanitarian assistance and peace efforts. Remarking, UAE is the largest contributor to humanitarian efforts in Sudan, providing various aid, even offered $1.5 Billion as substantial financial assistance to Sudan. The UAE sent a letter to UN Security Council, stating immediate ceasefire and address the ongoing violence in Sudan,The UAE Assistant Minister for Political Affairs Lana Nusseibeh stressed about urgent calling for an immediate ceasefire in Sudan, emphasizing the urgent need to protect civilians. Earlier humanitarian efforts by UAE is remarkable. They launched an air bridge with Sudan and Chad, delivering 9,500 tons of food and medical supplies through 148 relief flights and a ship carrying some 1,000 tons of urgent supplies.Be it Gaza or Sudan, UAE welcomes with open arms providing the necessities to the nation. Assuring that UAE will also provide economic support, and peace processes to Sudan.

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