UAE likely to see real GDP growth of 2.5% in 2010 Sharjah's GDP grows by 11% over five years Abu Dhabi's GDP grew 30% in 2008: Report Dubai's GDP rises 0.3% in first quarter despite global downturn RAK's GDP grows 14% UAE GDP soars 23% to Dh934 billion in 2008 Real GDP grew 7.4% in 2008 UAE economy records 7.4% growth in 2008 Sharjah's GDP grows to Dh68.4 billion in 2007 UAE's GDP doing well despite global inflation: Minister UAE's GDP grew by 5.2pc during last year - Report Abu Dhabi's GDP seen at US$179 billion in 2010 GDP growth likely to be at 7.2% for 2008 Investments into Abu Dhabi set to reach Dh1 trillion UAE's nominal GDP to surge 24.5pc in 2008 Next Page » Archive | Subscribe to Feed What is RSS? UAE FEDERAL GOVERNMENT STRATEGY Download PDF OIL PRICES » SHARE PRICES » DIRHAM RATES » EVENTS AND EXHIBITIONS » A comprehensive guide to current and future events and exhibitions in the UAE UAE YEARBOOKS » The complete UAE Yearbook 2009 in English and French. Comprehensive, up-to-date information on all aspects of the UAE.. UAE AT A GLANCE » Valuable concise reference source on the UAE, covering political system, economy, business, history and heritage, education, women, healthcare, tourism and environment. THE EMIRATES - A NATURAL HISTORY » Natural history of the UAE, covering all animals and plants recorded in the Emirates. THE EMIRATES TOUR » Take an on-line tour of the UAE, including the major cities and islands UAE HISTORY » UAE GOVERNMENT » UAE ECONOMY » UAE INFRASTRUCTURE » UAE SOCIAL DEVELOPMENT » UAE CULTURE & MEDIA » UAE ENVIRONMENT » UAE SPORT » UAE EVENTS » MARINE LIFE OF THE UAE » Turtles are among the many species covered in the marine section of UAEinteract

UAE likely to see real GDP growth of 2.5% in 2010 Posted on 26/01/2010 The UAE is likely to see real GDP growth of 2.5 per cent this year and double to five per cent next year as risk appetite grows and investments begin to flow into Dubai's real estate sector, analysts said yesterday. Emirates NBD Chief Economist Tim Fox and Chief Investment Officer Gary Dugan said in a media roundtable yesterday that "an increasing number of our clients have started to put money towards real estate, Dubai's real estate. "The interest is really huge, it's not small money. ...  >>MORE

Sharjah's GDP grows by 11% over five years Posted on 18/11/2009 Sharjah's Gross Domestic Product (GDP) has risen to Dh71 billion by the end of 2008 from Dh41bn in 2005, with a recorded annual growth rate of 11 per cent over the past five years, according to Marwan Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq). Participating in the UAE Businessmen's Forum organised by Sharjah Chamber of Commerce and Industry, Sarkal said Sharjah is one of the most important destinations for investors in the tourism sector. "We believe that ...  >>MORE

Abu Dhabi's GDP grew 30% in 2008: Report Posted on 05/11/2009 Defying challenges, implications of the international financial crisis and sharp surge in prices of most food commodities, the Abu Dhabi's GDP rose at current prices to 30 per cent in 2008 from 17.2 per cent in 2007, according to the Abu Dhabi Economic Report 2009. The Report was released yesterday at a press briefing held by the Department of Economic Development in Abu Dhabi (DED). DED Chairman Nasser Al Suweidi said in the forward of the report that "The DED has made a raft of measures ...  >>MORE

Dubai's GDP rises 0.3% in first quarter despite global downturn Posted on 28/10/2009 Dubai's GDP rose in the first quarter of the year despite the global financial downturn, according to newly released figures by the Dubai Statistical Centre. GDP in constant prices rose 0.3 per cent in the first quarter of 2009 compared with the first quarter of 2008. In the first quarter last year it was Dh68.21 million. It rose to Dh68.397 million. The five most predominant sectors which have shown resilience to the economic downturn and led to this first quarter rise are the wholesale ...  >>MORE

RAK's GDP grows 14% Posted on 31/08/2009 Gross domestic product of Ras Al Khaimah grew by 14% to hit Dh13.65 billion, according to the Economic Development Department in Ras Al Khaimah. The figures were revealed in the 10th edition of the statistics book, published annually by the Department. - Emirates News Agency, WAM ...  >>MORE

UAE GDP soars 23% to Dh934 billion in 2008 Posted on 28/07/2009 The UAE economy raced by more than 23 per cent in nominal terms to more than Dh934 billion in 2008 and the surge was in both the oil and non-oil sectors, official estimates showed yesterday. Abu Dhabi and Dubai remained the dominant economies with the UAE, accounting for nearly 87 per cent of the total gross domestic product of the seven emirates, the Ministry of Economy said in a new report. Revising earlier figures for the GDP, which was previously estimated at Dh927bn, the report put the ...  >>MORE

Real GDP grew 7.4% in 2008 Posted on 26/07/2009 The UAE economy grew by about 7.4 per cent in real terms in 2008 despite a sharp decline in oil prices in the second half of the year because of the global financial downturn, said the Central Bank yesterday. Releasing its annual report for 2008, the bank said the high growth was a result of strong oil prices in the first half of 2008 and steps taken by the government in the second half to counter the impact of the crisis. The rate was higher than the 5.3 per cent real growth recorded in ...  >>MORE

UAE economy records 7.4% growth in 2008 Posted on 26/03/2009 The UAE economy recorded a growth of 7.4% in 2008. Preliminary data issued by the Central Statistics Department of the Economy Ministry indicates that total Gross Domestic Product (GDP) at fixed price amounted to Dh 535.6 billion in 2008, representing a growth rate of 7.4 per cent, against Dh 498.7 billion, and a growth rate of 5.2 per cent in 2007, whereas the GDP at current price totaled to about Dh 929.4 billion in 2008 over Dh 729.7 billion in 2007. According to Sultan Bin Saeed Al ...  >>MORE

Sharjah's GDP grows to Dh68.4 billion in 2007 Posted on 23/10/2008 Ali Bin Salem Al Mahmoud, Sharjah Economic Development Department (SEDD) General Manager stated that the government financial tools and the wise leadership of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council member and ruler of Sharjah have significantly contributed to buffer the local economic activities from the impacts of global financial crunch. This was apparent as the Government sector has grown its share of the emirate's GDP from Dh60.4 billion in 2006 to Dh68.4 billion ...  >>MORE

UAE's GDP doing well despite global inflation: Minister Posted on 18/09/2008 The UAE GDP in 2007 reached Dh 729.7 billion, with a growth of 7.4% from last year's figures, while the contribution of non-oil sectors to the GDP for the same year was a healthy Dh 467bn, which constitute 64.1% of the total UAE GDP for 2007, according to Minister of Economy H.E Sultan Al Mansouri. The Minister was addressing Dubai's Business Councils and Groups at the Business Networking Suhoor organized by Dubai Chamber of Commerce and Industry (DCCI) as part of their regular monthly ...  >>MORE

UAE's GDP grew by 5.2pc during last year - Report Posted on 17/09/2008 The real Gross Domestic Product of UAE grew by 5.2% during 2007, showed a report released by the Ministry of Economy. The country's economy expanded to Dh729.7 billion during last year, according to the report. It said that the GDP in the non-oil sector achieved a growth rate of 16.8 pc, rising into Dh 467.9bn. This accounted for 64.1% of the total GDP during 2007. The report asserted the success of UAE in covering a long distance in its march towards economic growth, and in diversifying its ...  >>MORE

Abu Dhabi's GDP seen at US$179 billion in 2010 Posted on 27/08/2008 Buoyed by robust growth in non-oil sectors, high oil revenues, strong investor confidence in the local economy, Abu Dhabi's real GDP is projected to quadruple to US$315 billion by 2025, according to a top official said on Tuesday. "Comfortable oil-backed financial status, innovative business environment, ultra-modern infrastructure and vibrant performance of macro-economy will keep Abu Dhabi economy on track of powerful growth,â€� said Dr. Ahmed Menawi, an economist at Department of Planning ...  >>MORE

GDP growth likely to be at 7.2% for 2008 Posted on 14/07/2008 The UAE's real GDP growth rate is projected to slow down to 7.2 per cent this year against 7.4 per cent in the previous year, says a new Merrill Lynch report. The forecast by the world's leading financial and advisory company is in line with the UAE's Ministry of Economy statement last week that real GDP grew by 7.4 per cent last year. The report said the UAE's nominal gross domestic product (GDP) growth is expected to rise from last year's US$190 billion (Dh697.3bn) to US$237.5bn in 2008. ...  >>MORE

Investments into Abu Dhabi set to reach Dh1 trillion Posted on 02/06/2008 Abu Dhabi has attracted nearly Dh300 billion in cumulative investments over the past five years and the capital is projected to triple to more than Dh1 trillion in the next five years, semi-official data showed yesterday. But the total value of projects to be carried out in the emirate could exceed Dh1.3trn in the next few years and more than half of them would be in the construction sector, said the Abu Dhabi Chamber of Commerce and Industry. In a 50-page report on Abu Dhabi's economy, the ...  >>MORE

UAE's nominal GDP to surge 24.5pc in 2008 Posted on 13/05/2008 The International Monetary Fund (IMF) yesterday said inflation in the UAE, estimated at 11 per cent in 2007, is set to drop to nine per cent in 2008, but cautioned that dirham's de-pegging from the dollar or revaluation could have little impact in controlling escalating prices. Mohsin Khan, Director of IMF's Middle East and Central Asia Department (MCD), said the UAE would see a sustained growth with its nominal Gross Domestic Product (GDP) achieving 24.5 per cent growth — from US$192.6 ...  >>MORE

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