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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Strengthening Ties: UAE President Meets Italian Defence Minister to Discuss Cooperation

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 His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, welcomed His Excellency Guido Crosetto, Minister of Defence of the Italian Republic, during an official meeting held at Al Shati Palace in Abu Dhabi.



The meeting served as a platform to strengthen the longstanding relationship between the UAE and Italy, with discussions centered on enhancing joint cooperation, particularly in defence and military affairs. Both leaders explored avenues to develop and advance their partnership in various sectors, reflecting their shared commitment to mutual growth and collaboration.

In addition to bilateral cooperation, the conversation addressed pressing regional issues, focusing on the latest developments in the Middle East. Both parties emphasized the importance of collaborative efforts to promote peace, security, and stability in the region.

Attendees at the Meeting

Several key UAE officials attended the discussion, including:

  • His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region.
  • His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler's Representative in Al Ain Region.
  • His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chief of the Presidential Court for Special Affairs.
  • His Excellency Mohammed bin Mubarak Al Mazrouei, Minister of State for Defence Affairs.

This high-level engagement reaffirms the UAE’s commitment to fostering global partnerships, strengthening defence cooperation, and contributing to regional and international peace efforts. The meeting underscores the strategic importance of the UAE-Italy relationship, built on shared values and aligned goals for stability and prosperity.

A Focus on Peace and Stability

As both nations continue to collaborate on global security challenges, this meeting serves as a testament to their shared vision for a stable and secure Middle East. The UAE remains dedicated to leveraging its strategic partnerships to advance regional harmony and international cooperation.

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