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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Sheikh Mansour bin Zayed Meets Kazakh Minister of Defence to Strengthen Bilateral Ties

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 His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of the UAE, welcomed His Excellency Ruslan Jaksilikov, Kazakh Minister of Defence, at his office in Qasr Al Watan today. The meeting underscored the UAE’s commitment to fostering strong international partnerships.



Exploring Comprehensive Cooperation

During their discussions, Sheikh Mansour and Minister Jaksilikov focused on enhancing bilateral cooperation between the United Arab Emirates and the Republic of Kazakhstan. Both leaders emphasized the importance of strengthening ties across various sectors, aiming to achieve mutual benefits for their countries and peoples.

The meeting highlighted shared interests in advancing collaboration in fields such as defense, trade, and cultural exchange. These efforts align with the broader vision of deepening strategic relationships between the two nations.

A Partnership for Progress

The UAE and Kazakhstan have long enjoyed amicable relations characterized by mutual respect and shared aspirations. This meeting is another step in consolidating those ties and exploring new avenues for joint development. Both sides reaffirmed their commitment to fostering an enduring partnership that contributes to regional stability and prosperity.

Looking Ahead

The dialogue at Qasr Al Watan reflects the UAE’s dedication to building bridges of cooperation and understanding with nations around the world. By engaging in meaningful discussions and exploring collaborative opportunities, the UAE continues to strengthen its role as a global hub for diplomacy and innovation.

Sheikh Mansour expressed his appreciation for Kazakhstan’s efforts to deepen the bilateral relationship, while Minister Jaksilikov extended his gratitude for the UAE’s hospitality and vision for a prosperous partnership.

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