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’s Focus on expanding Global economical partnership

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UAE, proactively keeping with pioneering technologies and opening opportunities for emerging economic sectors is one of the major reason of its growing. At the 54th edition of World Economic Forum (WEF), UAE emphasized their model and aspirations to enhance their cooperation in various sectors worldwide will promote UAE as a strong nation in economic development.

It has emerged its multifaceted developments through various Comprehensive Economic Partnership Agreement (CEPA) with many countries.It fosters its broader access in several sectors like industries, technology , trade, energy etc. The CEPA signed between UAE and India will be a prominent example of the developments that happened so far. This will make the UAE as one of global hub of industries and logistics.

Since you all know UAE is a tax free country, the foreign trade and investments are majorly expanded due to its competitive tax advantages and showcases the UAE as an atttractive destination for investments and to start your business which emerges in Middle East and beyond. This has came with "We the UAE vision 2031"

On the other side, It explores its Joint Parliamentary Cooperation that indirectly influences economic partnerships. As UAE and Morocco are in a mission to expand its business through strengthening its partnership ties. It signifies UAE's commitment in becoming a prominent global hub across the world, this is possible by its multilateral economic system and strategic market plans in both regional and global levels. Hope sooner or later UAE will achieve its target.



 

 

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