Abdullah bin Touq Al Marri, the UAE's Minister of Economy, has forecast a 5 to 6% growth for the national economy in 2025.
Speaking to the Emirates News Agency (WAM) on the sidelines of the World Governments Summit in Dubai, Al Marri said that the growth will be driven by strong performance in key sectors such as technology, renewable energy, trade, financial services and infrastructure.
He revealed that the UAE’s GDP grew by an average of 4.8% between 2021 and 2024, with non-oil GDP growth averaging 6.2%.
Al Marrri also noted that non-oil sectors now contribute 75% of the country’s GDP, aligning with the "We the UAE 2031" vision.
The minister emphasised that the nation’s continued growth showcases its ability to maintain high and sustainable expansion, surpassing even some advanced economies.
He also outlined the UAE’s strategic focus on the circular economy, space economy, and emerging sectors, as well as efforts to build new economic alliances and attract foreign investments.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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