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UAE Aims for 7% Annual Growth to Reach Dh3 Trillion GDP by 2030

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Innehåll tillhandahållet av Alessandro de Rubertis. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Alessandro de Rubertis eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

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The International Monetary Fund (IMF) has raised the UAE's GDP growth forecast to 5.1% for 2025, an increase from its previous 4.2% projection.

This revision follows strong non-oil sector growth and stable crude prices. In May, the IMF also boosted its 2024 forecast for the UAE, now expecting 4% growth this year, up from 3.5%.

Key drivers of the UAE's robust economic performance include thriving tourism, construction, manufacturing, and financial services sectors, as well as increased foreign demand for real estate.

The country's safe-haven status and rising housing prices have further boosted domestic liquidity.

The UAE's non-oil sectors, particularly real estate, travel, and trade, have surged post-COVID-19, driving job creation and economic activity.

The UAE Cabinet has approved a record federal budget of Dh71.5 billion for 2025, supported by increased oil revenues and new corporate taxes.

The UAE aims to grow by 7% annually to double its GDP to Dh3 trillion by 2030.

Source: https://www.khaleejtimes.com/business/imf-hikes-uaes-gdp-growth-forecast-to-5-1-for-2025

  continue reading

215 episoder

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iconDela
 
Manage episode 446467613 series 2991040
Innehåll tillhandahållet av Alessandro de Rubertis. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Alessandro de Rubertis eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Send us a text

Want to know more? Below my contact details

+971553523125

info@alessandroderubertis.com

The International Monetary Fund (IMF) has raised the UAE's GDP growth forecast to 5.1% for 2025, an increase from its previous 4.2% projection.

This revision follows strong non-oil sector growth and stable crude prices. In May, the IMF also boosted its 2024 forecast for the UAE, now expecting 4% growth this year, up from 3.5%.

Key drivers of the UAE's robust economic performance include thriving tourism, construction, manufacturing, and financial services sectors, as well as increased foreign demand for real estate.

The country's safe-haven status and rising housing prices have further boosted domestic liquidity.

The UAE's non-oil sectors, particularly real estate, travel, and trade, have surged post-COVID-19, driving job creation and economic activity.

The UAE Cabinet has approved a record federal budget of Dh71.5 billion for 2025, supported by increased oil revenues and new corporate taxes.

The UAE aims to grow by 7% annually to double its GDP to Dh3 trillion by 2030.

Source: https://www.khaleejtimes.com/business/imf-hikes-uaes-gdp-growth-forecast-to-5-1-for-2025

  continue reading

215 episoder

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