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Short-term impacts of the Iran-Israel conflict could be positive for the GCC, but longer-term impacts are less certain
Economists are weighing different scenarios depending on both the intensity and the duration of the conflict
Non-oil trade boom continues in 1Q
Non-oil trade is on track to hit AED 4 tn by 2027, four years ahead of schedule
GDP grows 4% y-o-y in 2024
The transport and storage sector emerged as the fastest-growing contributor to GDP last year
How the Israel-Iran escalation could impact the UAE’s economic prospects
While higher oil prices will boost revenues, non-oil growth and investments could be impacted
Gov’t assets, revenues, and expenditures rose in 2024
The statement provides additional insights over the UAE’s main sources of operational revenues and total expenditures during the period
World Bank sees global growth slowing to a near two decade low in 2025
The 2.3% global growth forecast would mark the slowest rate of growth in almost 17 years
UAE’s non-oil business activity growth creeps to four-year low in May
The headline figure came in at 53.3 in May, down from 54.0 in April
Global growth is stalling
Global growth is set to fall below 3% for the first time since the pandemic
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