GDP

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Dubai Multi Commodities Centre sees 7 percent increase in U.S. companies, fueled by recent UAE-U.S. agreements 

DMCC is home to over 45 percent of the estimated 1,500 American companies in the UAE 

UAE economy set to grow 4 percent annually through 2028: S&P Global

The UAE economy's growth is driven by non-oil sector activity and rising oil production

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts

UAE strengthens position as global leader in Islamic finance and halal industry

The UAE aims to increase halal exports to AED 315 billion by 2031 under the new national plan

Sheikh Mohammed announces UAE’s $1.1 trillion non-oil trade goal to be achieved within two years

H.H. reported 18.6 percent growth in UAE non-oil foreign trade for Q1 2025

UAE GDP hits $483.6 billion in 2024, marking 4 percent growth

Non-oil GDP grew by 5 percent, totaling AED1.342 trillion, showcasing economic diversification achievements

Oman unveils 2025 tourism plan to boost recreational offerings, elevate non-oil sector growth

Initiatives include projects that strengthen infrastructure and broaden visitor experiences across the Sultanate

Middle East tourism spending to hit $350 billion by 2030, says ATM report

The Middle East’s rise as a global hub for business events is another key highlight of the report

Sheikh Hamdan highlights DMCC’s role in driving global trade during visit to world’s largest diamond tender facility

His Highness’ visit underscores Dubai’s commitment to economic diversification and attracting global talent and investment 

Dubai’s $10 billion infrastructure spending fuels growth of commercial vehicle market

Saudi Arabia's $267 billion in infrastructure investments are also key to driving industry growth