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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UAE President Awards Zayed Second Medal to Chile’s Minister of Environment

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 In a gesture of recognition for her remarkable contributions to the success of the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), President His Highness Sheikh Mohamed bin Zayed Al Nahyan has conferred the prestigious Zayed the Second Medal on Professor Maisa Rojas, Chile’s Minister of Environment.



The award ceremony took place during a reception hosted by Minister Rojas at the Ministry of Environment headquarters in Santiago, Chile, in honor of Mohammed Saeed Al Neyadi, UAE Ambassador to Chile.

Acknowledging Leadership in Climate Action

Minister Rojas expressed her gratitude to President Sheikh Mohamed for this esteemed recognition, highlighting the pivotal role of the UAE Consensus forged during COP28. She commended the UAE for its leadership in shaping a global framework for climate action and sustainability, which has become a cornerstone for collaborative efforts to combat climate change.

The UAE Consensus, achieved during COP28, emphasized the importance of uniting nations to advance sustainability and address pressing environmental challenges. Rojas lauded the UAE’s commitment to fostering global partnerships and its influential role in driving the climate agenda forward.

Strengthening International Collaboration

Ambassador Al Neyadi congratulated Minister Rojas on receiving the Zayed Second Medal and emphasized the need for stronger international partnerships to implement sustainability on a broader scale. He noted the rapid environmental and social changes occurring worldwide and underscored the importance of collaborative action to safeguard humanity and the planet.

Al Neyadi also acknowledged Chile’s active participation in COP28 and its support of the UAE Consensus, which serves as a critical framework for global coordination and environmental preservation.

A Symbol of Shared Commitment

The Zayed Second Medal symbolizes the UAE’s recognition of outstanding contributions to international cooperation and sustainability. By honoring Minister Rojas, the UAE highlights the importance of shared responsibility and partnership in tackling global climate challenges.

This recognition not only celebrates the success of COP28 but also reinforces the UAE’s dedication to building alliances that advance climate action and sustainability worldwide.

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