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 Royalty Witnesses Thrilling Conclusion to Formula 1 Season at Abu Dhabi Grand Prix

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 The 16th edition of the Formula 1 Etihad Airways Abu Dhabi Grand Prix concluded with excitement and grandeur, as H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, were in attendance. The two leaders, alongside a host of esteemed Sheikhs and state guests, watched the thrilling finale at Yas Marina Circuit, reinforcing the UAE's status as a global hub for world-class sporting events.



The event was a spectacle of speed, skill, and prestige, attracting key figures from across the region and beyond. The UAE's leadership was joined by prominent guests, including His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, and a distinguished group of officials and dignitaries from around the world.

A Symbol of Unity and Excellence
The race weekend was a momentous occasion not only for motorsport enthusiasts but also for global diplomacy. In addition to the royal presence, a number of UAE leaders were also in attendance, including H.H. Sheikh Hazza bin Zayed Al Nahyan, H.H. Sheikh Nahyan bin Zayed Al Nahyan, and H.H. Sheikh Saif bin Zayed Al Nahyan, among others. The event reflected the UAE’s commitment to international cooperation, hosting events that unite people through the spirit of sport.

H.H. Sheikh Khaled bin Mohamed bin Zayed and H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum officially signaled the start of the race after the UAE national anthem resonated across the Yas Marina Circuit. Their leadership on the track symbolized the unity of the nation, which continues to support and celebrate major international sporting events.

Celebrating Motorsport Excellence
H.H. Sheikh Khaled bin Mohamed bin Zayed welcomed all guests and participants to the event, highlighting the significance of the race in the UAE’s vision to promote sports excellence. In his address, he congratulated all the drivers and motorsport fans worldwide for their dedication to the sport and praised the efforts of organizers and partners in delivering yet another world-class edition of the Abu Dhabi Grand Prix.

The finale saw McLaren’s Lando Norris take victory in a dramatic race, securing both the 2024 Formula 1 Etihad Airways Abu Dhabi Grand Prix title and the Constructors' Championship for McLaren. H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan presented the trophy to Norris, capping off an exhilarating season and underlining the UAE’s pivotal role in the global motorsport community.

A Global Celebration of Sport
The Formula 1 Etihad Airways Abu Dhabi Grand Prix is more than just a race; it is a celebration of passion, precision, and global unity. The UAE’s leadership in hosting such events is a testament to the nation’s commitment to bringing the world together through sport, further solidifying its reputation as a premier destination for international events. As the lights dimmed on the 2024 F1 season, the Abu Dhabi Grand Prix once again demonstrated the UAE’s dedication to creating memorable, world-class experiences for visitors from all corners of the globe.

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