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Tag : GDP growth

Business

World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

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The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth of 2.8%. This growth is driven by strong domestic demand, particularly in sectors such as......
Business

Abu Dhabi outperforms other economies in MENA region with 9.3% GDP growth in 2022

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The Statistics Centre – Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, revealing that Abu Dhabi’s economy grew by 9.3% by the end of the year, making it the fastest-growing economy in the Middle East and North Africa (MENA) region. The report attributes this......