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,...

"Invest in the Emirates": UAE’s Bold Invitation to Global Innovators and Entrepreneurs

 With a bold step, “Invest in the Emirates” campaign of UAE positions itself as a global center for innovation and entrepreneurship. The initiative is being spearheaded by the well-known Idris Elba who invites most distinguished innovators, talents and entrepreneurs from across the world to take advantage of the vibrant business environment in UAE. By starting this campaign in renowned cities worldwide like Cannes, Munich, Paris, London, Zurich, Geneva and New York; it shows clearly that it desires to be the leading destination for sophisticated initiatives in the whole universe.

Through the campaign, UAE shows how much they value its infrastructure in promoting innovations. It is hence that this place supports both budding and mature companies by having no taxes at all, great worldwide networks for trading and moving goods as well as being backed up by government. In this way, new businesses can be started and operated effectively beyond local scales. The UAE makes additional funds available for entrepreneurial ventures with idea growth in vision through its use of multiple ways including funding and legal systems.

The UAE's approach to development of its flourishing innovation-based economy is reinforced through the ongoing “Invest in the Emirates” initiative which sees it act as an international platform for growth. This has made it possible for investors and entrepreneurs who are looking for transformative opportunities to see UAE as the only destination that can offer them short-term advantages and guarantee them future success. It also includes drawing in foreigners with skills; making room for creativity and entrepreneurship thrive; this way economic growth is fostered alongside technological progress.

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