GDP

NEWS DESK

Standard Chartered: “Oman GDP to record 3.5% growth in 2026 and 2027”

News Desk 23/09/2026

Standard Chartered forecasts Oman’s GDP growth to reach 3.5% in both 2026 and 2027, supported by resilient non-oil activity and a positive contribution from hydrocarbon production. The Bank expects non-oil growth to remain robust, underpinned by logistics, manufacturing and continued public

NEWS DESK

UAE Report Obesity Intervention contributes $51 billion to the country’s GDP by 2031

News Desk 22/05/2026

A UAE report launched in collaboration with the Ministry of Economy and Tourism, revealed far-reaching benefits of obesity intervention across health, the economy, society, and education, in line with the ‘We the UAE 2031’ vision. The launch was in the presence of H.E Dr Maria Hanif Al Qassim, assistant Undersecretary for Policies and Economic Studies […]

NEWS DESK

Global Capital Repositions: UAE Attracts Investment Amid Market Volatility

News Desk 23/04/2026

The UAE economy has delivered a strong performance in recent months, supported by solid growth indicators that point to a broader shift in global capital flows, as international markets face heightened volatility driven by geopolitical tensions and evolving monetary policies. According to the latest data, the UAE’s GDP reached approximately AED 879.6 billion in the […]

NEWS DESK

UAE Real GDP grows by 3.9% in the first quarter of 2025

PR News Desk 08/09/2025

The UAE’s real Gross Domestic Product (GDP) grew by 3.9 per cent to total AED 455 billion in the first quarter (Q1) of 2025, compared to that of the same period in 2024. Non-oil GDP recorded a 5.3 per cent growth, reaching AED 352 billion, while the contribution of oil-related activities stood at 22.7 per […]

Aviation Business UAE

Do you know how the aviation sector is powering the UAE’s economic growth?

Arnold Pinto 17/04/2025

Contributing 18.2% to the nation’s GDP The aviation sector is a cornerstone of the United Arab Emirates’ (UAE) thriving economy. It underpins a range of vital industries and catalyses development, trade, and tourism. With Dubai and Abu Dhabi serving as global aviation hubs, the UAE has become one of the world’s most internationally connected nations. […]

NEWS DESK

ECI highlights its role in empowering exports and supporting non-oil GDP

PR News Desk 19/02/2025

Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, highlighted the substantial role of the exports sector in driving sustainable development and boosting economic diversity and sustainability. The company also reiterated its role in empowering export, re-export and non-oil foreign trade of UAE-based companies, further strengthening the competitiveness

NEWS DESK

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

PR News Desk 30/12/2024

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 position as a leading economic power and a premier destination for business […]

NEWS DESK

Optimistic GDP Forecasts Set at 4.1% by World Bank

PR News Desk 17/12/2024

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

PR News Desk 28/11/2024

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

PR News Desk 03/11/2024

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

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

PR News Desk 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

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

PR News Desk 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

PR News Desk 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 […]