Search For "non oil sector"
Public finance of GCC countries witnessed significant financial surplus in
Updated : 1 year, 5 months ago IST
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv
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UAE continues to demonstrate robust growth in non-oil sectors: OPEC
Updated : 2 years ago IST
The Organisation of the Petroleum Exporting Countries (OPEC) said today that the "UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand".
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UAE economy expected to grow by 3.8% in 2025: World Bank
Updated : 2 years, 4 months ago IST
According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025, noting to last year's robust non-oil sector activity.
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UAE economy robust, with constant contributions from non-oil sector: OPEC
Updated : 2 years, 7 months ago IST
The UAE's economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate, according to the OPEC's Monthly Oil Market Report (MOMR) for October 2023.
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UAE economy to grow 3% in 2023; 4% in 2024: S&P
Updated : 2 years, 8 months ago IST
The UAE economy is forecast to grow 3% in 2023 and 4% in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism, government initiatives, and technological advancements, according to S&P.
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World Bank expects UAE's non-oil economy to grow by 4.8 pc in 2023
Updated : 3 years ago IST
In a press conference held today in Dubai to announce the new World Bank Gulf Economic Update (GEU) titled, "The Health and Economic Burden of Non-Communicable Diseases in the GCC", the bank officials said that the current account balance in the UAE is expected to rise to 11.7 per cent in 20
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