The UAE economy is estimated to have grown by 7.6 per cent last year, the highest in 11 years, after expanding 3.9 per cent in 2021, according to the UAE Central Bank.
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GCC economies are projected to expand by 6.9 per cent in 2022
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As infection rates in Europe explode and governments tighten restrictions once more, Dubai’s economy is rebounding faster than expected.
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Expo 2020 Dubai later this year is expected to kick start tourism and lift up employment and infrastructural growth.
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Business conditions have improved to the highest level since November 2019
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The economy to grow by 2.5 per cent this year and 3.5 per cent next year, according to estimates by Central Bank
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“Assets in the state banks exceeding AED 3 trillion to push the economy towards new horizons."
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High net worth investors and analysts are betting on a strong recovery in Dubai's economy for 2021, led by strategic sectors such as retail, hospitality, tourism, transport and logistics
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How the UAE’s commercial capital keeps defying critics is a complex story involving many different factors
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The country has taken a multipronged approach to create a diversified knowledge-based economy that harnesses technology.
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Dubai and Abu Dhabi became more affordable as the cost of living declined due to a drop in oil prices and deflationary pressure.
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Over 90% of the top regional CEOs of global companies are based out of the UAE. The UAE also has a good diplomatic relationship with China, the US, and Europe. The country is home to over 4,000 Chinese companies.
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