The UAE’s industrial sector has demonstrated remarkable growth, contributing Dh190 billion (approximately USD 51.74 billion) to the nation’s gross domestic product (GDP) in 2024. This marks a substantial 62% increase since 2020, reflecting the country’s ongoing commitment to economic diversification and innovation. Industrial Growth and Export Targets Dr. Sultan Al Jaber, the Minister of Industry…
The UAE has solidified its position as a major player in African investments, ranking fourth globally in total investment volume. With over $110 billion invested between 2019 and 2023, the UAE is focusing on sustainable sectors, particularly renewable energy, which accounts for a significant portion of this investment. Investment Highlights Abdulla bin Touq Al Marri,…
The UAE’s annual budget for 2026 has been officially approved, reflecting a balanced approach to revenue and expenditure. His Highness Sheikh Mohammed bin Rashid al Maktoum, the Vice-President and Prime Minister of the UAE, announced that both revenues and expenditures are projected to be Dh92.4 billion. Key Budget Highlights The budget aims to support various…
The International Monetary Fund (IMF) has identified the UAE as a frontrunner in the Gulf region’s adoption of artificial intelligence (AI). With significant investments in technology and education, the UAE is well-positioned for future growth, according to IMF officials. Investment in Technology and Education During a media briefing in Dubai, Jihad Azour, Director of the…