The UAE leads the way as the strongest and most valuable brand in the Middle East and Africa, ranking 16th globally at $957 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
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The United Arab Emirates has the most diversified economy in the Gulf Cooperation Council. The International Monetary Fund (IMF) projected a 3.9% growth in 2024 for the United Arab Emirates.
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 …
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, …
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 …
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.
Dubai remains one of the most preferred destinations for investors. The latest official figures from Dubai Investment Authority shows that a total of Dh46.6 billion in FDI entered Dubai in the first half of 2019. In the first half of 2019, Dubai attracted 257 FDI projects with 61% of total projects being greenfield, 27% new forms of investment, 6% reinvestments, 5% made via mergers and acquisitions, and the remaining …
Dubai International Airport (DXB) is the world’s busiest in terms of international passenger traffic. DXB received 86.4 million passengers in 2019. Flights from DXB go to 270 destinations across the world. DXB hosts 140 airlines, and the total number of flights reached 373,261 in 2019.
Renewable energy plays a crucial role in the UAE’s economic growth & diversification plans. The UAE aims to bolster its regional position as a role model for sustainable development. 1. The UAE has consistently demonstrated its willingness to be a world-leading advocate of clean energy technology. The country is looking to increase its target for power generation from clean energy to 30% by 2030. 2. The UAE leadership aims to enhance …
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