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UAE consumers maintain their elite preferences in 3Q 2024 - NielsenIQ
The FMCG sector grew 4.1% in 3Q 2024, while tech and durables grew by 2.8%
The IMF downgrades growth projection for the UAE in 2024, but remains upbeat
Non-oil sector growth, government reforms, increased public spending, and a hike in oil production will support growth
Non-oil business activity marginally expanded in November
Employment growth declined to its weakest level in 31 months
Abu Dhabi’s non-oil trade surplus widens to AED 7.8 bn in 3Q 2024
On a nine-month basis, non-oil trade increased 4.6% y-o-y to AED 223.2 bn
Gov’t revenues reached AED 404.9 bn in 9M 2024
Total expenditures amounted to AED 308.6 bn during the first nine months of the year
Economy to grow at 3.7% in 2024 -ICAEW
The non-oil economy is predicted to grow by 4.5% in 2024
World Bank maintains growth forecast for the UAE this year and in 2025
The forecast is attributed to the 4.1% expansion in the non-oil sector
Consumer spending remained resilient in 3Q 2024 despite seasonal patterns
The quarterly performance was driven by the back-to-school sales and an increase in convenience retail
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