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This prominence is due to the country's successful economic diversification and reduced reliance on oil
Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation
Expanding non-oil sectors and thriving financial landscape propel the UAE capital’s growth
Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project
The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives
Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent
The Minister noted that women's participation in the workforce has reached 35 percent, surpassing the vision's target of 30 percent
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Group’s 2022 activity supported around 398,400 jobs across the UAE, or 14.1 percent of total employment in the non-oil sector
Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025
This marks the first consecutive rate reduction in 13 years
The committee noted that this decision reflects recent global and local developments
World Bank expects the UAE's inflation to reach 2.2 percent this year and decline to approximately 2.1 percent through 2025-2026
Growth in GCC countries is projected to rise from 0.5 percent in 2023 to 1.9 percent in 2024
UAE has emerged as a leading nation in the development of technology and AI-driven solutions
The organization highlighted disparities between GDP growth and merchandise trade performance
Current public revenues reached OMR2.2 billion, down from OMR2.334 billion during the same period in 2023
The United Arab Emirates undertakes a multifaceted approach to building a resilient, innovative future
In 2023, non-oil trade between the two countries exceeded $4.1 billion, a 46.1 percent increase compared to pre-pandemic levels
This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital
Qatar seeks to increase the tourism sector's contribution to the GDP from 7 percent to 12 percent
Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production
