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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Beyond Economics: The Multifaceted UAE-India Strategic Partnership

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 The relationship between the United Arab Emirates (UAE) and India is much more than a bilateral economic alliance. It is a dynamic and evolving partnership rooted in shared values, mutual respect, and a shared vision for the future. This bond transcends traditional economic cooperation to encompass innovation, sustainability, cultural exchanges, and global leadership, making it a cornerstone of stability and progress in an uncertain world.



A Relationship Rooted in Shared Values

The UAE and India share a profound commitment to fostering stability and prosperity. Over the years, frequent high-level visits by leaders such as UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi have underscored the strength and depth of their partnership. These visits are not mere formalities but pivotal moments that set the direction for a future marked by collaboration and shared aspirations.

Key Pillars of the UAE-India Partnership

1. Economic Collaboration Beyond Trade

While economic cooperation remains a cornerstone of the UAE-India relationship, the partnership extends far beyond trade. The UAE’s commitment to diversifying its economy has led to significant collaborations in:

  • Technology: The two nations are working together to foster advancements in digital technologies, artificial intelligence, and blockchain.

  • Renewable Energy: With a shared focus on sustainability, both countries have partnered on numerous renewable energy projects, including solar and wind energy.

  • Innovation: Joint initiatives in research and development are paving the way for groundbreaking solutions in various sectors.

2. Global Leadership Through Multilateral Platforms

The UAE and India are active participants in key global forums, including:

  • G20: Driving global economic stability and addressing pressing global challenges.

  • BRICS: Collaborating on issues like sustainable development and financial inclusion.

  • SCO: Working together to enhance regional security and economic connectivity.

These platforms allow the two nations to align their strategies, amplify their voices on global issues, and contribute to shaping a sustainable and equitable world order.

3. Cultural Exchanges Strengthening Ties

Beyond economic and political ties, cultural exchanges play a vital role in the UAE-India relationship. Initiatives that celebrate shared heritage and promote mutual understanding have deepened people-to-people connections. From joint cultural festivals to collaborative projects in arts and education, these efforts enrich the bilateral relationship and strengthen its foundation.

4. Strategic Focus on Sustainability

The UAE is a global leader in sustainability and has partnered with India to address critical challenges such as climate change. Collaborative efforts in renewable energy, sustainable urban development, and green technologies underscore their shared commitment to building a sustainable future.

A Partnership for a Shared Future

As the world faces unprecedented challenges, the UAE-India relationship stands as a beacon of what can be achieved through strategic cooperation. Their shared vision for innovation, sustainability, and global leadership ensures that this partnership will continue to thrive, benefiting not just their citizens but also the broader international community.

Together, the UAE and India are crafting a narrative of resilience, progress, and hope. Their partnership exemplifies how nations can work hand in hand to build a better, more sustainable future for all.

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