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The UAE saw 3.6% growth last year
The biggest driver of growth in the non-oil sector was financial services
Sharjah's non-oil economy grew 7.1% y-o-y in 2033
Wholesale and retail trade and manufacturing were the largest contributors to non-oil GDP growth
Fitch upgraded Ras Al Khaimah’s issuer default rating with a stable outlook
The ratings agency revised its forecast for the emirate’s medium-term growth to 6.2% this year
The IMF now sees the economy growing 4% this year
The fund had previously penciled in 3.5% growth
S&P maintained Sharjah’s sovereign credit rating with a stable outlook
The ratings agency has revised its forecast for the emirate’s GDP growth to 2.7% in 2025
Dubai inflation hits six-month high in April
Dubai’s annual inflation during April hits 3.9%
UAE led IPO activity in terms of proceeds in the MENA region in 1Q 2024
Plus: Alpha Dhabi will hold a shareholder vote on several acquisitions on 10 June
Dubai ranks first in the world for number of FDI projects in 2023
Plus: dnata plans global expansion
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