IMF predicts increase in UAE’s GDP growth rate.

ABU DHABI : The International Monetary Fund (IMF) has predicted that the UAE’s GDP growth rate will increase by 0.9% to 5.1% next year. This is against the backdrop of growth in non-oil sectors and stable crude oil prices. The growth rate for the current year was 4.2 percent.
Ali Al-Aid, head of the IMF staff team, said that tourism, construction, manufacturing and financial services sectors have seen strong growth. The growth rate is expected to rise further due to UAE’s high crude oil production and hydrocarbons.

The Gulf Indians

Recent Posts

The 1975 Emergency: 21 months of Nightmare in Delhi

By Joseph Maliakan Three terrible things that were inflicted especially on the poor and marginalized people…

2 weeks ago

Received the Angola Leaders Award “Excellence in International Business Cooperation & Angola – UAE Integration”

Mr. Sajith Kumar P K : Along with Mr. Sajith Kumar, four other prominent leaders…

2 weeks ago

kerala budget

Sajith Kumar P.K : The Budget is touched to the Structural Reforms especially in Maritime…

3 weeks ago

ILBS : Public funded Hospitals fostering VIP Culture

By Joseph Maliakan The Institute of Liver and Biliary Sciences (ILBS) is a mono-super specialty…

1 month ago

Denial of Bail to Umar Khalid and Sharjeel Imam Unjust : The Supreme Court once again upholds the principle ‘ Bail is the Rule , Jail the Exception ‘

By Joseph Maliakan In a judgment that will have far-reaching consequences for the protection of…

2 months ago

The proposed School Management Committees (SMCs) are Unconstitutional, an attack on Autonomy and will spread utter Chaos in School Education across the country.

By Joseph Maliakan Education according to the Indian Constitution, is in the concurrent list and…

2 months ago

This website uses cookies.