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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - GROSS DOMESTIC PRODUCT, GDP
![]() GDP growth likely to be at 7.2% for 2008
Posted on 14/07/2008
The UAE's real GDP growth rate is projected to slow down to 7.2 per cent this year against 7.4 per cent in the previous year, says a new Merrill Lynch report. The forecast by the world's leading financial and advisory company is in line with the UAE's Ministry of Economy statement last week that real GDP grew by 7.4 per cent last year.
The report said the UAE's nominal gross domestic product (GDP) growth is expected to rise from last year's US$190 billion (Dh697.3bn) to US$237.5bn in 2008.
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 Investments into Abu Dhabi set to reach Dh1 trillion
Posted on 02/06/2008
Abu Dhabi has attracted nearly Dh300 billion in cumulative investments over the past five years and the capital is projected to triple to more than Dh1 trillion in the next five years, semi-official data showed yesterday. But the total value of projects to be carried out in the emirate could exceed Dh1.3trn in the next few years and more than half of them would be in the construction sector, said the Abu Dhabi Chamber of Commerce and Industry.
In a 50-page report on Abu Dhabi's economy, the
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![]() UAE's nominal GDP to surge 24.5pc in 2008
Posted on 13/05/2008
The International Monetary Fund (IMF) yesterday said inflation in the UAE, estimated at 11 per cent in 2007, is set to drop to nine per cent in 2008, but cautioned that dirham's de-pegging from the dollar or revaluation could have little impact in controlling escalating prices.
Mohsin Khan, Director of IMF's Middle East and Central Asia Department (MCD), said the UAE would see a sustained growth with its nominal Gross Domestic Product (GDP) achieving 24.5 per cent growth — from US$192.6
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 Abu Dhabi GDP projected to hit US$300 billion by 2025: DPE weekly report
Posted on 11/05/2008
With steady growth of non oil sector, Abu Dhabi GDP will hit US$300 billion by 2025. Non oil sector is predicted to touch 60 per cent of Abu Dhabi GDP, while oil sector is projected to reach 40 per cent of GDP, according to the weekly report released by Department of Planning and Economy (DPE). "The Abu Dhabi emirate is faring steadily and forcefully into future under master strategic plans and guidelines aiming at a radical transformation in the local economic structure", it added.
The report
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 Ajman GDP surges 27% to hit Dh10bn
Posted on 01/05/2008
Ajman's gross domestic product (GDP) grew by 27 per cent in 2007 over the year before to touch Dh10 billion, according to the emirate's Chamber of Commerce and Industry. Obaid Ali Al Muhairi, Chairman of Ajman Chamber of Commerce and Industry, told Emirates Business the increase, which he termed significant, could be attributed to the growth of investments in various sectors in the emirate.
He added that over the past five years – from 2003 to 2007 – the volume of trade, or exports and
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![]() UAE's CPI expected 8% by end-2009
Posted on 29/04/2008
The consumer price index (CPI) in the UAE is expected to decline to 8 per cent by the end of 2009 after hitting 12 per cent this year, Merrill Lynch said on Monday. The UAE's real gross domestic product is likely to decline to 6.1 per cent for the coming year after registering a rise to 6.4 per cent this year, it added.
According to Merrill Lynch, the UAE's nominal gross domestic product is expected to touch US$220 billion (Dhs807.4 billion) this year, up from nearly US$190 billion, and is
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![]() Dubai set to sustain 11pc GDP growth
Posted on 29/03/2008
Dubai's real gross domestic product (GDP), which surged to a record Dh198 billion in 2007, is predicted to sustain an average growth rate of 11 per cent for the next eight years.
The main driver of this remarkable growth - outpacing the average growth rate forecast for the GCC - will be the non-oil sector, growing at a spectacular pace.
According to Hisham Abdullah Al Shirawi, Second Vice-Chairman, Dubai Chamber of Commerce and Industry, the key sectors fuelling the growth include tourism,
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 RAK GDP grows by more than 50 % over the last four years.
Posted on 28/01/2008
Ras Al Khaimah's Gross Domestic Product (GDP) has grown by more than 50% over the last four years and the fast- growing emirate, riding a wave of massive inward investments, is expected to clock an annual growth rate of over 15% in the next few years, Ras Al Khaimah Investment Authority (RAKIA) announced at the Ras Al Khaimah Conference 2008 which started off at the Al Hamra Fort Hotel here today.
Delivering the keynote address at the conference, Dr. Khater Massaad, Advisor to RAK Crown
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 UAE's non-oil GDP to exceed 70%
Posted on 08/01/2008
The UAE's non-oil gross domestic product is expected to exceed 70 per cent by 2010, according to forecasts by NCB Capital, a Saudi Arabia-based investment bank.
The country's GDP is believed to have reached Dh698 billion last year from Dh599 billion in 2006, according to the UAE Ministry of Economy.
"The UAE economy has been largely hydrocarbon-independent. Going forward, on the back of continued diversification efforts, we expect the growth in non-oil sectors to surpass that of the oil
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 Emirates GDP up 16.48%
Posted on 06/01/2008
The UAE economy will surpass expectations and grow at 16.48 per cent in nominal terms in 2007, driven by higher-than-forecast expansion of the non-oil sectors and record crude prices, the Ministry of Economy said Saturday. Earlier expectations of increase in the country's gross domestic product, or GDP, had peaked at 16 per cent in October when the International Monetary Fund had predicted a GDP of Dh679.1 billion in 2007.
The Ministry of Economy said it expects the GDP for 2007 to reach
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![]() IMF sees 7.7% growth in UAE’s GDP
Posted on 18/10/2007
The real Gross Domestic Product, GDP, of the UAE is expected to grow by 7.7 per cent this year compared to 9.4 per cent in 2006 and 8.2 per cent in 2005, according the International Monetary Fund, IMF. In its Article 4 Report on the performance of the UAE economy, the IMF said the oil gross domestic product of the UAE was likely to grow to 3.5 per cent this year compared with 6.5 per cent in 2006.
According to the report, the nominal gross domestic product of the UAE is expected to grow to
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 UAE's GDP records 23.4% rise in 2006 to Dh599.2b
Posted on 10/09/2007
UAE's gross domestic production (GDP) increased by 23.4 per cent at current prices in 2006 to amount to Dh599.2 billion when compared to the preceding year, according to the country's central bank. The increase in the non-oil sectors surged to 20.3 per cent, to constitute 62.7 per cent of the total GDP, while revenues from oil and gas production increased by 29 per cent to Dh223.4 billion.
The balance of payment achieved a surplus in both the trade and current balances, with the latter's
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 UAE revises 2006 GDP growth to 9.4%
Posted on 21/08/2007
The UAE revised up its 2006 economic growth rate to 9.4 per cent on faster expansion in the oil and gas sector, the economy ministry said.
The second-largest Arab economy expanded to Dh391.16 billion (US$106.5 billion) last year, from Dh357.59 billion in 2005, according to the latest data published on the Ministry of Economy website.
The ministry said in March real gross domestic product grew 8.9 per cent last year.
The ministry revised the growth rate to account for higher growth in the oil
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![]() UAE's GDP to surge to Dh584b in 2010: report
Posted on 25/07/2007
Gross Domestic Product, GDP, of the emirate of Abu Dhabi is projected to rise by 8.2% in 2007 and will maintain a steady growth rate of no less than 13% to hit Dh584 billion in 2010, according to a recent report by the Abu Dhabi Chamber of Commerce and Industry, ADCCI. The report which was published today expected non-oil sectors to keep a steady annual growth of at least than 18%.
The share of non-oil sectors in the GDP is expected by the report to rise to Dh163 billion in 2007 up from Dh138
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![]() UAE's GDP predicted to reach Dh697b in 2007
Posted on 21/05/2007
UAE's Gross Domestic Product is projected to rise to Dh 697 billion in 2007, according to the country's Investment Climate report for 2006, published by the Ministry of Finance & Industry.
The report, which was prepared by the ministry in collaboration with the Arab Investment Guarantee Corporation, provides indicators for macro economy, investment promotion activities, legislative and corporate developments, tourism sector and the new economy initiatives.
According to the report, the
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