GDP

NEWS DESK

UAE’s GDP grows by 3.6 per cent in the first half of 2024

News Desk 1 30/12/2024 0

His Excellency Abdulla bin Touq Al Marri, Minister of Economy, has asserted that the preliminary estimates of the UAE’s GDP in the first half of 2024, issued by the Federal Competitiveness and Statistics Centre, reflect remarkable economic growth and competitiveness, solidifying the country’s

NEWS DESK

Optimistic GDP Forecasts Set at 4.1% by World Bank

News Desk 1 17/12/2024 0

It looks like resilience is going to be the predominant headline for UAE’s economic outlook in 2025, after the country managed to maintain its economic and financial stability despite the ongoing regional turmoil. Key factors driving this resilience include strong consumer spending, record growth in foreign direct investment (FDI) and successful economic diversification

NEWS DESK

From 2% GDP Savings to 40% Water Reduction: Estonia’s Agri-Tech Impact on the GCC

News Desk 1 28/11/2024 0

Estonia’s agri-tech sector stands as a beacon of innovation, integrating sustainable farming practices with advanced technology to meet the global challenges of food security and environmental responsibility. This small yet agile country has leveraged its tech-forward mindset and deep-rooted respect for nature to become a leader in agri-tech, creating solutions that

NEWS DESK

AD Ports Group is a leading driver of economic diversification and non-oil GDP

News Desk 1 03/11/2024 0

AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry in the Arabian Gulf and Red Sea, unveiled a new economic impact report that underscored the Group’s growing role as a driver of economic diversification in Abu Dhabi and the UAE. The results of the study conducted by Oxford Economics, which […]

Aviation

Aviation sector contributed AED137 billion to Dubai’s GDP in 2023

Arnold Pinto 24/10/2024 0

Equivalent to 27% of the emirate’s GDP The aviation sector is proving to be a cornerstone of Dubai’s economic landscape. In 2023, it supported 27% of the emirate’s GDP, equating to AED137 billion. This contribution is projected to rise to nearly one-third of Dubai’s GDP by 2030, underscoring the sector’s pivotal role in the emirate’s […]

NEWS DESK

H.E. Bin Touq: Non-oil GDP grows by 4 per cent in Q1 2024 supporting the achievement of the ‘We the UAE 2031’ vision

News Desk 1 09/09/2024

H.E. Abdulla bin Touq Al Marri stated: “The preliminary estimates of the UAE’s GDP growth in the first quarter (Q1) of 2024, issued by the Federal Competitiveness and Statistics Centre (FCSC), once again underline the resilience and vitality of the national economy and exemplify its ability to continue on the path of sustainable growth. They […]

Business UAE

DWTC Contributed AED18 Billion To Dubai’s GDP In 2023

Arnold Pinto 23/05/2024 0

Global Attendees Boost City’s Economy Dubai World Trade Centre (DWTC) contributed a significant AED18.28 billion ($4.6 billion) to Dubai’s GDP in 2023, resulting from 76 on-site exhibitions, conventions, and industry conferences, according to the company’s newly released 2023 Economic Impact Assessment Annual Report. Of this mammoth yield, AED10.53 billion

NEWS DESK

Emirates Development Bank delivers record increase in industrial GDP impact

News Desk 1 04/04/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED 10.4 billion, bringing its cumulative contribution to the nation’s industrial GDP impact to AED4.9 billion.  The milestone […]

NEWS DESK

Emirates Development Bank’s contribution to Industrial GDP grows 80% in 2023

News Desk 1 26/02/2024

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled its 2023 results, showcasing an extraordinary year of achievements and strategic milestones. The Bank revealed a significant 80% surge in its contribution to the UAE’s industrial GDP, which has grown from AED 2.4 […]