ABU DHABI/ WAM The Central Bank of the United Arab Emirates (CBUAE) expects the country’s Gross Domestic Product (GDP) to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025, while maintaining its estimate for a 3.1 percent growth in 2023. In its quarterly economic review report for the fourth quarter (Q4) of 2023, the Central Bank also ...

AL ARISH/ WAM The United Arab Emirates has provided aid packages tailored for children and women in Gaza as part of the UAE’s continued humanitarian support for the Palestinian people through “Operation Chivalrous Knight 3”. Hamoud Abdullah Al Junaibi, Secretary-General of the Emirates Red Crescent (ERC), highlighted ongoing efforts within “Operation Chivalrous Knight 3” to prepare aid packages specifically for ...

ABU DHABI/ WAM The Statistics Centre – Abu Dhabi (SCAD) has issued preliminary statistical estimates of the Gross Domestic Product (GDP), revealing a strong performance of the non-oil economy, which recorded a remarkable growth of 9.1 percent, and 3.1 percent growth of Abu Dhabi’s real GDP during 2023 compared to 2022. The results demonstrate the economy’s ability to expand amidst ...