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,...

UAE's Climate Change Initiatives: A Focus on Mangroves and Sustainable Finance

The United Arab Emirates (UAE) has been making significant strides in climate change initiatives, particularly in mangrove conservation and restoration.UAE hosted COP28 Summit in Dubai last November, luring hundreds of participants from across the globe. which have already endorsed the Mangroves Breakthrough and announced a high-level Mangroves Ministerial at the COP28. The annual climate conference reached a historic consensus to ensure a just and effective energy transition for climate change mitigation.

UAE's "Ghars Al Emirati" 

In line with that UAE have been working in full fledged to mitigate the Climate crisis and conserve the Mangroves. In UAE Mangroves are vital coastal ecosystems that offer ecological and economic benefits and aids in climate change mitigation by absorbing greenhouse gases and storing carbon. In Abu Dhabi, they support biodiversity, enhance water quality, and boost ecotourism.Under the initiative of H.H Sheikh Hamdan bin Zayed, UAE announced "Ghars Al Emarat", which initiated 10 mangrove seeds planted by EAD for each visitor to COP28. 

Innovative Approach

Emirates Nature-WWF, a local environmental charity, undertakes a significant way of exploring various planting techniques, including manual planting of saplings and seeds, as well as using drones for monitoring.The UAE aims to plant 100 million mangroves by 2030, a national carbon sequestration project that promotes nature-based solutions to climate change. The UAE has reaffirmed its commitment to sustainable finance and collaboration with Brazil, the current Chair of G20, to achieve climate finance goals.This seems to be a visionary and impactful effort by the UAE to tackle climate change and promote environmental sustainability.

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