IMF sees oil GDP growing 6.7% next year, non-oil growth to come in at 4.5%
The Fund sees overall GDP growing at 4% this year, reverting to its initial forecast after revising it downwards to…
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The Fund sees overall GDP growing at 4% this year, reverting to its initial forecast after revising it downwards to…
The higher reading was driven by increased transport, housing, and energy costs
The FMCG sector grew 4.1% in 3Q 2024, while tech and durables grew by 2.8%
Non-oil sector growth, government reforms, increased public spending, and a hike in oil production will support growth
Employment growth declined to its weakest level in 31 months
On a nine-month basis, non-oil trade increased 4.6% y-o-y to AED 223.2 bn
Total expenditures amounted to AED 308.6 bn during the first nine months of the year
The non-oil economy is predicted to grow by 4.5% in 2024
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