Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs

The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago

Abu Dhabi

Abu Dhabi private sector sees robust growth, value hits Dhs338.9bn in 2023

The sector’s ongoing contributions to Abu Dhabi’s GDP were shared by ADDED and ADIO at the second edition of their Al Multaqa meeting held recently


CBUAE quarterly review: UAE economy to grow by 4.2% this year

The Central Bank’s report underscores the UAE’s resilience and positive economic trajectory, fueled by strong performance across various sectors


IMF forecasts 2.9% growth for MENA in 2024

IMF revised its GDP growth forecast for the Middle East and North Africa region downwards to 2.9 per cent this year

saudi arabia GDP

Saudi Arabia’s real GDP contracts 3.7% Q4 2023

The preliminary data shows that Saudi Arabia’s economy contracted at a slower pace in Q4 2023 after a decline of 4.4 per cent in the previous quarter

UAE GDP growth-in-2024 to grow by 3.7 per cent forecasts World Bank report GettyImages-1432592872-e1670484896463

UAE GDP projected to grow by 3.7% in 2024, 3.8% by 2025: World Bank

Growth in Saudi Arabia is projected to grow by 4.1 per cent this year, rising to 4.2 per cent next year

Oman heads into 2024 with projected budget deficit

The Sultanate of Oman is expecting a budget deficit for the year, after it swinging away from a surplus during 2023

Abu Dhabi’s non-oil growth surges 7.7% in Q3 2023

Abu Dhabi’s non-oil growth surges 7.7% in Q3 2023

The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn

Dubai economy sees growth in H1 2023 -GettyImages-1392301478

UAE central bank raises GDP growth outlook to 5.7% in 2024

The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023

IMF on Saudi Arabia economy

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

UBS says UAE economy to grow by 3.5% in 2023

UAE economy to grow by 3.5% in 2023

The country’s non-oil economy is projected to grow by a robust 4.5 per cent this year

Oman’s GDP up 4.7% in Q1 2023

Oman’s economy grows 4.7% in Q1, boosted by non-oil activities

The economic growth was boosted by a 4.6 per cent gain in the non-hydrocarbon sector and a 3.5 per cent increase in oil activities.

Dubai GDP

Dubai’s GDP grows 2.8% in Q1 2023 to reach Dhs111.3bn

The city’s growth in the first quarter of 2023 significantly outpaced the growth rates of some of the most developed nations worldwide


UAE’s GDP grows 3.8% in first quarter to $114bn

The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn

bu Dhabi GDP growth in Q1 2023 GettyImages-1316754718

Abu Dhabi GDP shows 3.9% growth in Q1 2023: SCAD

According to SCAD estimates, Abu Dhabi’s non-oil GDP (at constant prices) surpassed the highest quarterly value of the past nine years, reaching Dhs146bn in Q1 2023

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

UAE’s 2022 GDP grows 7.9%, driven by non-oil activities

The statistics authority attributed the growth of the economy to innovative economic initiatives related to non-oil sectors and activities

Abu Dhabi 2022 GDP

Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost

The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

Bahrain GDP 2022 growth. Image by EDB

Bahrain’s economy expands by 4.9% in 2022, the fastest in a decade

The country’s non-oil sector grew by 6.2 per cent in 2022, the highest growth rate recorded over the past ten years

Saudi Arabia GDP 2022

Saudi Arabia’s 2022 GDP grows 8.7 per cent, boosted by higher oil prices

The country’s GDP crossed the $1tn mark for the first time in 2022 as higher oil prices boosted government revenues

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

IMF sees Kuwait's GDP growth at above 8% for 2022

IMF projects Kuwait’s GDP growth above 8% for 2022

The rise in GDP growth in 2022 is supported by increased oil production, high oil prices, and sustained improvement in domestic demand

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year


Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

Saudi Arabia’s real GDP grows 8.8% in third quarter

Oil activities in the third quarter increased 14.2 per cent year-on-year

Saudi Arabia GDP growth rises 8.6% in Q3 2022 Riyadh-800x533-1

Saudi Arabia’s real GDP grows by 8.6% in Q3 2022

Domestically, real non-oil GDP growth expanded by 5.9 per cent, following six consecutive quarters of growth

Abu Dhabi Airports

Abu Dhabi Airports unveils new brand identity

The new corporate identity underpins future growth plans for the airports operator

Saudi economic growth revised higher as boom spreads beyond oil

GDP overall grew a revised 12.2 per cent from a year earlier, the fastest since 2011

Abu Dhabi

Non-oil contribution to UAE’s GDP reaches 72.3% in 2021

The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent

UAE’s GDP grows 3.8 per cent in 2021, beating international expectations

Its GDP reached Dhs1.489tn at current prices, with the growth rate for 2021 reported to be the highest in the region

Abu Dhabi

Abu Dhabi’s non-oil real GDP grew 4.1% in 2021

Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year