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November, 2020

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The UAE is the most advanced e-commerce market in the MENA region. The country’s e-commerce market totals $18.5 billion in 2019 according to e-commerce platform Jollychic. Fitch Solutions is projected that e-commerce sales in the UAE are estimated to reach $27.1 billion in 2022.   In the wider Middle East, North Africa and South Asia (MENASA) region, the UAE represents the biggest annual spend per online shopper. According to …

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The UAE’s exports of goods and services reached $389.3 billion in 2019 according to the World Bank. The country is the world’s 16th largest exporter according to the World Trade Organization’s Report.

The UAE is the most competitive economy in the Middle East and North Africa according to the World Economic Forum’s Global Competitiveness Report 2019. The UAE is ranked 25th globally, improving by 2 positions from 2018. The survey ranks 141 countries in the index based on their performance in 12 key economic pillars; institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, …

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The United Arab Emirates is ranked 16th among 190 economies in the World Bank’s Ease of Doing Business 2020 report. The country remains the strongest performer overall in the Middle East and North Africa region on the ease of doing business rankings.

The UAE’s annual GDP per capita has reached $43,103 in 2019. The UAE has most diversified GCC economy. The IMF projected growth for the UAE of 1.3% for 2021.

United Arab Emirates (UAE) is a federation of seven emirates; Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain. UAE population has increased dramatically in the last decade. According to the data from the United Nations, UAE population has reached 9.8 million in 2020. At the time of its formation in 1971 the population of the UAE was 277,463.

The government of Dubai has identified the medical tourism as a key component of its economic development plans, and has ambitious plans to position itself to attract a major share of the global medical tourism industry. Medical tourism in the UAE reached AED12.1 billion in 2018, most of it derived from Dubai. According to the latest figures, Dubai treated 350,118 international medical tourists in 2019. Dubai ranks 6th out …

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Dubai places considerable importance on the maritime industry in its wider plans to continue to diversify its economy. Dubai has carved out a position as one of the giants of international shipping and maritime activities. The maritime sector accounts for $7.3 billion or around 7% of GDP. The sector is also responsible for around 3.3% of the Dubai’s jobs, with some 76,200 people working in maritime-related industries.

November, 2020 - Baizac