April 12, 2025

IMF Forecasts Robust 5.1% Real GDP Growth for UAE in 2025, Underscoring Economic Momentum

The International Monetary Fund (IMF) has issued a positive outlook for the United Arab Emirates’ economy, projecting a strong real Gross Domestic Product (GDP) growth of 5.1% for the year 2025. This forecast, released as part of the IMF’s latest regional economic outlook, highlights the continued economic momentum within the Emirates, driven by a combination […]

June 25, 2023

Saudi EV Manufacturer Ceer Sets Ambitious Goal to Boost Kingdom’s GDP by $7.9 Billion by 2034

Ceer, a prominent electric vehicle (EV) manufacturer based in Saudi Arabia, has set an ambitious target to contribute a staggering $7.9 billion to the Kingdom’s Gross Domestic Product (GDP) by the year 2034.

Sharjah
May 9, 2023

The GDP of Sharjah saw a growth of 5.2% in 2022.

The Department of Statistics and Community Development (DSCD) reported that Sharjah’s economy saw significant growth in 2022, achieving a 5.2% increase in GDP to reach AED 136.9 billion, compared to AED 130.1 billion in 2021. This growth is attributed to the emirate’s development strategy and plans, which include the diversification and integration of its sectors. […]

UAE GDP to grow 4.3% in 2024
Prerna
by Prerna
March 28, 2023

UAE GDP to grow 4.3% in 2024.

The UAE has experienced substantial economic growth. Government policies, investment levels, changes in global economic conditions, and a variety of other factors can all have an impact on GDP growth. It’s also worth mentioning that economic forecasts are frequently subject to adjustment when new data becomes available, and actual results may differ from expectations.

Prerna
by Prerna
March 3, 2023

UAE’s Non-Oil Industry Has Capacity to Double GDP

The United Arab Emirates (UAE) has unveiled a plan to double its gross domestic product (GDP) to 3 trillion dirhams ($820 billion) by 2031. The ‘We The UAE 2031’ plan, announced by the country’s Vice President, Sheikh Mohammed bin Rashid, at the UAE Annual Government meetings in Abu Dhabi, focuses on social, economic, investment and […]

Prerna
by Prerna
March 3, 2023

The growth rate of UAE’s GDP was twice the expected figure, as it recorded a surge of 7.6% in 2022.

The United Arab Emirates (UAE) experienced significant economic growth in 2021, with a 7.6% expansion, twice as much as the previous year. The country’s rebound from the COVID-19 pandemic was supported by higher energy prices, which stimulated economic growth across the Gulf region’s oil exporters. However, economic slowdown is expected this year, given the uncertain […]

Highest growth in Abu Dhabi's Mena region as GDP surges
February 15, 2023

Highest growth in Abu Dhabi’s MENA region as GDP surges

Abu Dhabi, the capital of the United Arab Emirates, has emerged as the fastest-growing economy in the MENA region, posting an impressive 10.5% growth in the first nine months of 2022. According to the latest data released by the Statistics Centre Abu Dhabi (SCAD), the emirate’s real GDP has exceeded the Dh830 billion mark, driven […]