UAE GDP Archives

Dubai

Dubai Ruler says “best is yet to come” as UAE’s GDP soars to $402.9 billion in 2021

by Anup OommenFri 8 Apr 2022Fri 8 Apr 2022

The UAE’s real GDP growth rate beats analyst expectations to climb 3.8 percent in 2021, marking the highest growth in the region and surpassing the pre-pandemic growth margins of 2019

Ahmed Mohamed Al Naqbi

Emirates Development Bank adds $520 million UAE’s GDP growth, finances 1,350 SMEs across priority sectors

by Anup OommenMon 4 Apr 2022Mon 4 Apr 2022

The Emirates Development Bank’s launch of a new credit guarantee platform was able to mobilise more than $90.38 million (AED332 million) of capital to SMEs

budget surplus

UAE economic recovery on “firm footing” despite Omicron concerns, fallout of Russia-Ukraine conflict

by Anup OommenWed 16 Mar 2022Wed 16 Mar 2022

Despite a modest setback at the turn of the year, the UAE GDP is forecast to grow by 6.2 percent in 2022, and 6.7 percent in 2023, backed by expansionary government policy and the surging oil sector

The UAE's GDP is predicted to grow by 5.5 percent in 2022, with the pick-up of both oil and non-oil sectors.

UAE economic outlook

UAE’s non-oil GDP forecast to grow 3.3% this year

by Staff writerWed 24 Mar 2021Wed 6 Oct 2021

Prediction from Oxford Economics down from initial 4.2% estimate off the back of tightening global coronavirus restrictions

District 2020

Video: 25 million visitors to attend the World’s Greatest Show – Expo 2020 Dubai

by ITPTue 22 Oct 2019Wed 6 Oct 2021

25 million visits in 6 months starting from October 2020 – that numbers not a plain dream, or a random estimate of tourists visiting a country. It, in fact, is a target that this man has to achieve for the world’s greatest show that is set to take place here in Dubai.

The central bank’s figures are lower than forecasts from the International Monetary Fund (IMF), which predicted that the UAE’s economy will grow by 2.8 percent in 2019.

CBUAE

UAE economy to grow 2.4% this year, says central bank

by Bernd Debusmann JrMon 23 Sep 2019Wed 6 Oct 2021

The central bank’s figures are lower than the IMF’s forecast of 2.8% growth

Stronger market demand, marketing activity and the start of new projects all reportedly contributed to the latest increase, with growth expected to continue over the coming year, while business optimism was only fractionally weaker than the previous month’s record high.

Abu Dhabi

Business sentiment in UAE at near record high

by Gavin GibbonMon 10 Jun 2019Thu 7 Oct 2021

Increase not reflected in staffing levels as employment remains stable

Abu Dhabi

UAE credit profile stable, says Moody’s

by Bernd Debusmann JrSun 2 Jun 2019Thu 7 Oct 2021

Moody’s expects real GDP growth to accelerate to 3% by 2020

Higher new orders combined with a number of ongoing projects led to a significant rise in business activity, with the rate of expansion the fastest since January 2015.

Abu Dhabi

UAE’s non-oil business activity grew sharply in April

by Bernd Debusmann JrSun 5 May 2019Thu 7 Oct 2021

The pace of expansion of non-oil sector firms rose to a 16-month high

Dubai economy

Video: Dubai FDI projects explained

by ITPSun 21 Apr 2019Wed 6 Oct 2021

Dubai attracts $10.5bn worth of FDI with 523 is the number of projects it attracted in 2018.

Dubai

Video: Dubai attracts record $10.5bn foreign direct investment in 2018, creating 25,000 jobs

by ITPWed 10 Apr 2019Wed 6 Oct 2021

Dubai attracted $10.5 billion (AED38.5bn) worth of foreign direct investment (FDI) in 2018, up 43% compared to 2017, climbing to the sixth place in global FDI capital flows ranking.