The International Monetary Fund (IMF) expects the UAE’s economy to expand at a much faster rate this year compared to 2018.
It says the Emirates’ GDP will grow 4.7 per cent to reach AED 1.67 trillion in 2019.
The positive forecast is mainly driven by rising oil prices and the country’s economic diversification efforts.
The Washington-based agency also predicts the tourist influx linked to Expo 2020 Dubai to play a key role in the UAE’s growth prospects.
UAE family businesses drive 60% of GDP, key to 2031 Vision
Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.
Elon Musk's $1 trillion Tesla pay plan wins shareholder approval
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Microsoft to train over 300,000 in UAE with AI skills
Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.
Ennismore, Dubai Holding to launch 'Caravan Hatta by Our Habitas'
Ennismore, a lifestyle hospitality company, has partnered with Dubai Holding to introduce Caravan Hatta by Our Habitas at Hatta Resorts.
Emirates Group posts record $3.3 billion half-year profit
The Emirates Group has announced a record profits of AED 12.2 billion ($3.3 billion) for the first six months of 2025, driven by strong travel demand "despite geo-political events and economic concerns in some markets".
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Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
