#non-oil GDP
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
In the past decade, Abu Dhabi’s construction sector has grown by 22.6 per cent, finance and insurance by 39 per cent, and manufacturing sector by 102 per cent
The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings
The Central Bank’s report underscores the UAE’s resilience and positive economic trajectory, fueled by strong performance across various sectors
The emirate’s GDP in 2023, reached Dhs1.14tn, marking its best performance in ten years
The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster
Not only is Saudi Arabia making waves with Riyadh Air, but it’s also attracting the world’s biggest tech players as Google unveils its new cloud region in the kingdom.
The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn
Family-owned businesses comprise a majority of the UAE’s private sector and significantly contribute to Dubai’s non-oil GDP