UAE non-oil private sector Archives

Abu Dhabi

Revealed: UAE GDP expansion forecast to slow down to 3% in 2023

by James MathewThu 25 May 2023Thu 25 May 2023

UAE, however, is categorized as a very low-risk nation and ranked 10th out of the 153 nations in the GlobalData Country Risk Index

Latest in UAE non-oil private sector

Abu Dhabi non-oil foreign trade

UAE’s non-oil foreign trade rises to $136 billion in Q1 2022 for the first time in the nation’s history

by Staff WriterThu 26 May 2022Thu 26 May 2022

Gold topped the list of leading commodities in the UAE’s non-oil foreign trade, accounting for AED 84.4 billion or 17 percent of the country’s total non-oil foreign trade

Eid Al Adha

UAE workers to get 4-day holiday for Eid Al Adha

by Gavin GibbonThu 4 Jul 2019Thu 7 Oct 2021

Public and private sector employees in the UAE will both benefit from same holiday break in August

Abu Dhabi economy

UAE private sector growth climbs to near 5-year high in Q2

by Sam BridgeWed 3 Jul 2019Thu 7 Oct 2021

Emirates NBD PMI reading is the highest since the fourth quarter of 2014, driven by output, new orders

Abu Dhabi economy

Abu Dhabi gov’t creates $1bn fund to boost R&D business

by Gavin GibbonTue 25 Jun 2019Thu 7 Oct 2021

Nine new initiatives announced under Ghadan 21 programme to help private sector in Abu Dhabi

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

The central bank singled out a deceleration in oil production as a drag on the economy.

Abu Dhabi economy

UAE Central Bank cuts economic growth forecasts for 2019

by BloombergTue 28 May 2019Thu 7 Oct 2021

Central bank says UAE economy will expand only 2% in 2019, compared with a previous forecast of 3.5% published in March

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

The holy month of Ramadan is likely to begin on May 6 in most of nations, according to The International Astronomical Centre.

Dubai private sector

Ramadan working hours revealed for UAE private sector

by Sam BridgeWed 1 May 2019Thu 7 Oct 2021

UAE Ministry of Human Resources and Emiratisation says working hours during holy month will be reduced by two hours for private sector

While less than 3% of firms surveyed reported hiring in March, employment marginally improved, having fallen in February, and higher new orders encouraging some firms to take on extra staff.

Abu Dhabi

Rise in output, demand sees UAE non-oil private sector regain momentum

by Staff WriterSun 7 Apr 2019Wed 6 Oct 2021

While less than 3% of firms reported hiring in March, employment marginally improved, according to Emirates NBD Purchasing Managers’ Index

Abu Dhabi

Growth in UAE’s non-oil private sector slows to 28-month low

by Bernd Debusmann JrTue 5 Mar 2019Wed 6 Oct 2021

Slowdown reflects market conditions and competitive pressures, according to Emirates NBD

Aarthi Chandrasekaran

Video: How does the future of UAE’s investment and banking sectors look?

by ITPWed 30 Jan 2019Wed 6 Oct 2021

Raed Safadi, Chief Economic Advisor of Dubai Department of Economic Development and Aarthi Chandrasekaran, Vice President of SHUAA Capital shed light on the state of UAE’s financial and investment market on this week’s AB Live.