Non-oil economy to grow 5% this year -Emirates NBD
Non-oil sector growth in the UAE and Saudi Arabia is set to lead the growth in the bloc
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Non-oil sector growth in the UAE and Saudi Arabia is set to lead the growth in the bloc
Growth will be driven by strong performances in sectors like technology, renewable energy, trade, financial services, and infrastructure
Wholesale and retail trade contributed 24.5% of GDP
The banking, financial, and ins. sectors flourished last year
The Fitch Solutions’ research unit sees the economy growing at 6% next year
The Fund also cut the UAE’s oil GDP forecast for 2025 to over 2%, down from 6.7% earlier
Top picks: Adnoc Drilling, DIB, Emaar, and Dewa
The bank previously saw the economy growing at a 4.1% clip in 2025
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