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 Economic Ties with Eurasia, East Africa and South America Boosted as UAE Finalizes Partnerships

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UAE into the action of global partnership that bridges the economy and prosperity between the nations. It has been has been actively strengthening its economic ties with several regions, including Eurasia, East Africa, and South America. So what is Eurasia & its economic relations? Let's delve into its strategies of Partnership with UAE.

UAE relations with Eurasia :

It is combined with three nations - China, Russia and Kazakhstan. Here. UAE & China collaborates in sectors like technology, geopolitical challenges and enhancing its economic cooperation. While UAE invested in Russia on Energy sectors and Kazakhstan is engaged in investment cooperation that boost innovative ideas on technical and economic development.

UAE relations with South America : 

The UAE have been engaged with countries in France and UK. Where France collaborating with the AI technologies in UAE that promotes innovation and development by their joint efforts. In case of United Kingdom, Our UAE Minister of Economy H.E. Abdulla bin Touq Al Marri met with UK Minister of State for Business, Energy cooperation recently for collaboration in economic ties. This is an indication of promoting UAE's economic landscape in the fields of UK.

UAE relations with East Africa : 

Since the beginning UAE have been actively engaged with the countries in East Africa to promote the cooperation in various spheres, that includes Energy, Infrastructre, renewables, technology etc.Meanwhile GCC & East Africa economic groups discussess initiatives for enhanced trade, investments, jobs etc.UAE deepens economic partnership with Partnership with Kenya through CEPA to increase trade and investment, that aims to boost non-oil trade to $1 Billion by 2026.

All of its efforts seems progressive that underscores UAE's commitment in strengthening its economic ties, fostering innovations and growth of economy globally.


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