May 16 2024
Dubai: Abdullah bin Touq Al Marri, Minister of Economy, Chairman of the Emirates Tourism Council, stressed that the tourism sector contributed to the UAE’s economy, registering an 11.7 percent increase in Gross Domestic Product (GDP) in 2023, amounting to AED220 […]
Washington: The World Bank has revised its projections for the UAE’s real GDP growth, anticipating a growth rate of 3.9% in 2024, up from the previous forecast of 3.7% made in January. In its latest economic update on the Middle […]
Abu Dhabi: Leading credit rating agency, S&P Global Ratings, expects the UAE GDP to grow by 5.3 percent in 2024. This is better compared to 3.4 percent in 2023. The agency said UAE banks reported exceptional profits for 2023 due […]
Dubai: Dubai experienced a notable economic upswing with a 3.3 percent increase in real Gross Domestic Product (GDP) during the initial nine months of 2023, showcasing the city’s resilience and robust growth trajectory. This achievement is a testament to Dubai’s […]
ABU DHABI: Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4% in 2024. This growth is being driven by a number of factors, including government initiatives to support economic diversification. In his […]
