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 Tops Humanitarian Aid Contributions to Gaza Amid Ongoing Crisis

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 The UAE has solidified its position as a global leader in humanitarian aid, emerging as the top donor to Gaza during the ongoing crisis. Responding promptly to the humanitarian emergency, the UAE focused on critical sectors, delivering aid by air, land, and sea. According to the German Press Agency (dpa), citing data from the Financial Tracking Service of the United Nations Office for the Coordination of Humanitarian Affairs, the UAE contributed $828 million to Gaza between October 2023 and November 2024. This accounted for 42 percent of the total global aid provided to Palestinians during this period.



In 2024 alone, the UAE directed significant funding to key areas. The country contributed $111.8 million to food security, ensuring vital sustenance through campaigns like "Tarahum - for Gaza," which provided food parcels and supplies. Aid shipments carried thousands of tonnes of food and relief items via air and sea, alleviating hunger and meeting immediate needs. Additionally, $18.3 million was allocated to health initiatives, including the provision of medicines, ambulances, and operational support for medical centers in conflict zones.

The UAE also prioritized emergency relief, allocating $94.7 million to deliver essential materials such as shelter supplies, medical equipment, and nutritional support. A further $24.2 million was invested in logistics, facilitating efficient coordination and transportation of aid through air and maritime routes.

This multifaceted approach underscores the UAE's unwavering commitment to addressing humanitarian crises with efficiency and compassion, cementing its role as a key player in global relief efforts.

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