UAE economy extends global rise on strong 2026 data
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment,...
Tag : economic diversification
UAE diamond trade set to hit $40 billion by year-end 2024
UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s...
Moody’s projects Islamic banking growth in GCC
Moody’s forecast highlights Islamic finance’s profitability in the Gulf, projecting strong growth in the coming years, driven by demand for Sharia-compliant products....
Saudi Arabia’s non-oil economy grows 4.9% in second quarter of 2024
Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence....