GDP reached $107.1bn in 2024, compared with $75.9bn in 2020, representing 41.1 per cent growth, GCC STAT figures showed
The emirate attracted an estimated Dhs40.4bn ($11bn) in FDI capital in H1 2025, up 62 per cent from Dhs24.7bn a year earlier
Dubai’s performance through 2024 and into Q1 2025 reflects the continued momentum towards achieving the goals of the Dubai Economic Agenda D33, said the DEDC CEO
The emirate retained its title as the world’s safest city for the ninth year running and was ranked the most liveable city in the MENA region for a seventh consecutive year in 2025
Three major global credit rating agencies underscores the UAE’s robust fiscal standing, positioning it among a select group of countries globally with strong sovereign credit ratings across the board
Expo 2030 Riyadh will take place from October 1, 2030, to March 31, 2031
Since 2015, annual FDI inflows into the UAE have grown from Dhs31.6bn ($8.6bn) to Dhs167.6bn, representing a compound annual growth rate of 10.5 per cent
Google said 30,000 jobs were created by the Google Play and Android app ecosystem in the UAE
The UAE’s ranking has risen from 28th globally in 2009 to being among the top five globally in competitiveness in 2025
Oil revenues remain the largest component of government income in the region, making fiscal positions highly sensitive to global oil price fluctuations
The UAE has reported consistent record-breaking non-oil trade performance for several years, underpinning its efforts to position itself as a global hub
The report warns that sluggish growth will hinder developing economies in their efforts to create jobs, reduce extreme poverty, and close per capita income gaps with advanced economies
The survey signals that the UAE economy is performing well, but the softer increases in output and new orders hint at momentum easing
The leaders reviewed bilateral ties and explored ways to expand cooperation across sectors including investment, energy, advanced technology, artificial intelligence, and industry
The agreements underscore the growing partnership between Qatar and the US in areas such as defence, investment, energy, and regional security
As of the end of 2024, 85 per cent of the 1,502 active initiatives under Vision 2030 are either completed or on track, with 674 completed and 596 progressing as planned
Bahrain’s financial situation have prompted S&P Global to downgrade its outlook
Challenge for governments that rely on high oil prices
Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance
Data from the Ministry of Economy further indicates that the country’s non-oil GDP expanded 4.5 per cent to Dhs987bn for the first nine months of 2024
The UAE’s GDP is projected to rise from 4.5 per cent to 5.6 per cent, outpacing the International Monetary Fund’s global growth forecast of 3.2 per cent
The partnership aims to strengthen bilateral relations between the UAE and Vietnam, following the signing of a CEPA in 2024
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations
Türkiye’s central bank indicated it would continue easing in the months ahead, flagging a temporary rise in January inflation
The report anticipates moderate growth in global FDI in 2025, driven by improved financing conditions and an increase in mergers and acquisitions
The fund said it expected energy commodity prices to decline by 2.6 per cent in 2025, more than assumed in October
Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation deals to bolster long-term growth prospects
The changes would need the approval of Syria’s new governing authority, though the process is unclear at this stage
Arab countries contributed nearly half (49.1 per cent) of the total FDI inflows, with Gulf Cooperation Council nations making up 31.7 per cent