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 Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

In order to honour the International Day of Charity, the UAE reveals fresh projects which epitomize its determination to assist people globally. Among these are the Zayed Humanitarian Legacy and the MZB Water Initiative. The goal of the Zayed Humanitarian Legacy is to expand on the vision of Sheikh Zayed bin Sultan Al Nahyan who has passed away, by emphasising on sustainable growth as well as aid in times of crisis. On the other hand, MZB Water Initiative aims at supplying clean water solutions in communities that are truly in need and which is one of the most pressing challenges faced by many areas today. Infographics presenting these projects indicate a holistic approach for long term assistance hence positively affecting lives for years to come.

The UAE’s humanitarian contributions are not only remarkable for their magnitude but also because they have been directed towards purposes that are strategic in nature. Since 1971, the UAE has been able to donate approximately 360 billion dirhams or 98 billion dollars worth of foreign aid as a proof of being a leader in spearheading global well-being. This type of assistance has helped to solve wide range of issues ranging from disaster management through poverty alleviation up until socio-economic development. The stories from countries that are benefitting from this initiative from the United Nations such refugees in Poland, Bulgaria and Moldova depict how these donations were meant to alleviate global crises while promoting peace and security.

The UAE is committed to enhancing the philanthropic legacy left by its founding father under the leadership of President Sheikh Mohammed bin Zayed Al Nahyan. Sheikh Tayyeb bin Mohammed bin Zayed Al Nahyan chairs the International Humanitarian and Welfare Council which oversees such important operations. The UAE’s dedication to humanitarian aid that goes beyond faith, race or politics is affirmed in the ninth principle of “Principles of 50”. By maintaining this unwavering vow, it guarantees that assistance will always go to those in dire need regardless of any obstacles that may arise.

Widespread admiration has been garnered for the UAE Red Crescent’s humanitarian relief across various countries due to its significant impact. The UAE Red Crescent is a prime example of this nation’s determination to collaborate globally in a bid to enhance human welfare through disaster management and health and education programs. The support from this organization will alleviate short term pain but also promote lasting growth in the affected areas indicating that UAE leads in global assistance. Therefore, with such openhanded actions taking place all over the world today it is evident that these endeavors being undertaken by The UAE Red Crescent are key pointers towards constructing an even more resilient and inclusive international society.

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