WASHINGTON/WAM The UAE’s real GDP is projected to grow by 3.9 percent in 2024 and expand to 4.1 percent in 2025, according to the World Bank’s latest Global Economic Prospects report. In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 percent in 2024, compared to its January forecast of 3.7 percent. …

VIENNA/WAM The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) shows that the UAE continued to demonstrate growth in its non-oil sectors, registering a 6.7 percent expansion, y-o-y, in 4Q23, up from 5.8 percent in 3Q23. In its Monthly Oil Market Report (MOMR) for June 2024, OPEC says that the construction growth accelerated to 8.4percent in 4Q23 …

ABU DHABI/WAM H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation, attended on Tuesday the graduation ceremony of the 11th National Defence Course cohort, and the fifth War Course of the War College at the Joint Command and Staff College. H.H. Sheikh Nahyan bin Zayed congratulated the graduates of …