The UAE has successfully invested to diversify away from its dependence on the oil industry, with the aim of building a ‘knowledge economy’. Each emirate is establishing its own sectoral niches. Non-oil sectors now contribute around 74% to the GDP. Sound prospects UAE's GDP grew by 3.4% ...
The World Bank has hailed the UAE's "favourable business environment and world-class infrastructure", expecting the country's real GDP to grow by 5.9 percent in 2022. This came as the World Bank announced its new Gulf Economic Update (GEU) where it said higher oil receipts supple...
The UAE, a major oil supplier and the most diversified economy in the Gulf Arab region, was ranked as the 26th easiest country in the world for doing business, the report said. The country, with 10.5 million inhabitants, climbed up from 34th place in 2015, "putting it ahead of countries ...
Dubai became a major trade centre due to the oil industry, but now its economy relies mainly on tourism and luxury brands. It possesses some fantastic art galleries and museums displaying everything from the traditional to the futuristic. Abu Dhabi As the capital of the United Arab Emirates, ...
The domestic economy's resilience, which has passed through the stage of recovery from the consequences of theCOVID-19pandemic, is reflected in the positive forecasts of international institutions and banks, including the IMF and World Bank. Such international recognitions speak for the UAE...
“The two countries' economies were among the fastest growing in the world in 2022, characterized by a fast pace of economic growth. The UAE economy grew by 7.6 per cent last year, and according to the Worldbankestimates, the Indian economy'sGDPachieved a yearly growth of 7.7 per cent in...
ABU DHABI - Ahmed Aboul Gheit, Secretary-General of the Arab League, said that the UAE's openness to the world has ensured its economic progress over the past two decades. Speaking to the Emirates News Agency (WAM) during the Annual Investment Meeting in Abu Dhabi, the AL C...
decades. During the opening session, titled “A better world, or a bad one?” key participants—including Ajay Banga, President of the World Bank Group, and Kristalina Georgieva, Managing Director of the IMF—debated two possible paths for the global economy: one optimistic and one more ...
UAE economy grow in 2024 March 2024 The UAE's economy is projected to grow by 5 percent in 2024, a leading member of the government has reiterated. UAE new investors June 2023 Dubai Financial Market adds 26,953 new investor accounts in first half of 2023. ...
Economy World Bank: UAE Comprehensive economic data UAE and the IMF Water and agriculture in the United Arab Emirates FAO country profile UAE: further reading Lonely Planet Oman, UAE & Arabian Peninsula by Lonely Planet, 2013. Available fromamazon.comoramazon.co.uk ...