The UAE’s GDP is expected to grow 3.9 per cent in 2024 and expand to 4.1 per cent in 2025, according to the Global Economic Prospects report from the World Bank.
In April, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 per cent in 2024, compared to its January forecast of 3.7 per cent.
Growth in the Middle East and North Africa is expected to increase 2.8 per cent in 2024 and 4.2 per cent in 2025.
The report predicts growth in Gulf Cooperation Council (GCC), countries will strengthen to 2.8 per cent in 2024 and 4.7 percent in 2025.
The economies of oil exporters are projected to grow by 2.9 per cent and 4.2 per cent in 2024 and 2025 respectively, while those of oil importers are forecast to deliver growth of 2.9 per cent and 4 per cent in 2024 and 2025 respectively.
UAE holds military funeral for two servicemen martyred during training
UAE President receives Albania's highest state honour
H.H. Sheikh Mohammed tours Arabian Travel Market
H.H. Sheikh Hamdan highlights Dubai’s role in shaping future of tourism
2 members of UAE Armed Forces martyred during training mission
Five UAE aid convoys enter Gaza carrying 819 tonnes of supplies
Dubai to host inaugural RailX conference in 2027
UAE President welcomes King of Jordan, discusses regional issues
Sheikh Abdullah holds bilateral talks with regional counterparts
Dubai records nearly 7 million international visitors in 2026
H.H. Sheikh Hamdan selects first recipient of Mohammed bin Rashid leadership medal
Gargash says meeting with Iranian President reflects UAE's 'deterrence and diplomacy'
UAE condemns drone attack on Saudi oil pipeline
Dr Sabaa Al Kaabi appointed secretary-general of fatwa council
AD Crown Prince, Iran President discuss regional issues in New Delhi
H.H. Sheikh Khaled, Putin discuss UAE-Russia relations
UAE allocates $10 million for humanitarian response in Haiti
UAE, Ethiopia discuss strengthening bilateral relations
AD Crown Prince, Modi discuss strengthening UAE-India ties
