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US-centric market shift to ‘impact UAE purchasing power’The immediate drop in gold prices and the EUR/USD rate soon after the US election reflects market anticipation of a US-centric policy shift, which could adjust global capital flows and impact the UAE’s purchasing power and inflation.&nbs More… |
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Microsoft, partners to generate $74bn for UAE economy: IDCMicrosoft and its partners, along with customers leveraging cloud technologies, are set to generate $74.4 billion in new revenues for the UAE economy over the next four years, according to an International Data Corporation (IDC) study. More… |
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Microsoft, partners to generate $74bn for UAE economy: IDCMicrosoft and its partners, along with customers leveraging cloud technologies, are set to generate $74.4 billion in new revenues for the UAE economy over the next four years, according to an International Data Corporation (IDC) study. More… |
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AI to contribute $100bn to UAE’s GDP by 2030: Astra TechAI is projected to have a transformative impact on the UAE's economy, contributing up to 14% of its GDP by 2030, which is equivalent to approximately $100 billion (AED367 billion). This is according to Abda More… |
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UAE economy posts robust growth within nonoil sectors: OpecThe Organisation of the Petroleum Exporting Countries (Opec) said the UAE's economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, tourism, and manufacturing. More… |
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UAE economy projected to grow by 5.7% in 2024: MoFThe UAE economy is projected to grow by 5.7% in 2024 despite prevailing global economic challenges, including global economic slowdown and difficult financial conditions, a top UAE official has said, according to a report in Emirates News Ag More… |
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UAE economic growth stays strong; non-oil up 4%: IMFThe UAE economy is continuing to grow, benefitting from strong domestic activity and the non-hydrocarbon GDP growth is expected to exceed 4% this year and to remain at a similar pace in 2024, driven by tourism, construction, and real est More… |
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UAE economy to grow by 3.9pc in 2024 on strong oil: UBSThe UAE's gross domestic product (GDP) is likely to hit 3.5% in 2023, rising to 3.9% next year on the country’s medium-term growth prospects, supported by a strong demand for its oil exports and energy investments, said Michael Bolli More… |
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UAE economy to grow by 3.9pc in 2024 on strong oil: UBSThe UAE's gross domestic product (GDP) is likely to hit 3.5% in 2023, rising to 3.9% next year on the country’s medium-term growth prospects, supported by a strong demand for its oil exports and energy investments, said Michael Bolli More… |
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Cloud to add $181bn to UAE’s economy by 2033: reportCloud technology is poised to be a game-changer for the UAE's economy, potentially adding a staggering value of $181 billion by 2033, according to a study by Cloudera, a hybrid data cloud platform. The study revealed that 71% More… |
