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According to the report, the number of jobs in the sector will increase by over 23,500, reaching nearly 833,000
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
The IMF expects growth to strengthen by 4.2 percent in 2025
The report predicts an 18.1 percent average annual headline inflation rate
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
How International Financial Institutions (IFIs) can help countries navigate economic challenges
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Sustained oil output, growing non-oil investments key to healthy economy
This represents an increase from $35 billion in the previous year
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
Real GDP grew 3.1 percent during the period
Measures target social protection, economic growth and debt reduction amid foreign currency shortage
Qatar aims to receive 6 million tourists by 2030 under its national strategy
Sheikh Mohammed bin Rashid chaired UAE Cabinet meeting, reviewing accomplishments of industrial sector
The non-oil sector investment is key to sustaining 3.3 percent annual GDP growth over 2024-2027, the report says
The improved projection is driven by the 2.1 percent growth surge anticipated in the U.S.
Private investment and robust exports drive record-breaking expansion
Retail and wholesaling sectors drive 0.2 percent monthly growth
Private investments are estimated to reach approximately 63 percent of the total
Bahrain's Golden License aims to drive business attraction and economic growth
The program seeks to enhance crop sustainability for increased GDP contribution in the emirate
