Economy
Georgieva's current term is set to expire in September 2024
Significant contribution of family-owned businesses to this growth
The manufacturing sector struggles, faces deeper downturn
SaaS providers dominate region's investment landscape
March data reveals strengthening momentum and record-high confidence levels
PMI remained below the long-term average, signaling ongoing challenges
Non-oil private sector saw a decline in cost inflation for the second month in a row
The market anticipates four ECB rate cuts, first in June
Education again saw the highest cost inflation at 104 percent year-on-year
The Red Sea crisis remains a challenge despite the increase in output
Economic reforms and currency flexibility to unlock funding
Gross paid claims increased by 12.8 percent year-on-year to AED31.1 billion
Green finance emerges as major player in supporting economic diversification efforts
The Central Bank also projected a non-oil GDP growth of 4.7 percent in both 2024 and 2025
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
Tourism strategy approved in Executive Council meeting chaired by Sheikh Khaled
The UAE's historic score of 7.7 sets a new record, making it the highest in the history of the report
Single-use plastic cutlery, plastic food containers and styrofoam cups will also be banned
The unemployment rate among women saw a 2.6 percent decline
This figure surpassed the previous peak of $17.57 billion in 2018
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
Improved macroeconomic conditions and global growth drive positive outlook
