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UAE rebound gains momentum: IMF

IMF analysts noted that the UAE’s ambitious 50-year reform agenda holds promise to deliver higher levels of future diversified and inclusive econo. ....

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UAE economy proves mettle again, ranked most resilient in region

UAE economy proves mettle again, ranked most resilient in region
Waheed Abbas
Wam
The index measures three categories – economy, risk quality and the supply chain.
The UAE has been rated the most resilient economy in the region in 2021, higher than some of the world’s bigger economies such as Italy, South Korea, Israel Malaysia, Saudi Arabia, China and India, says a new study.
The UAE has been ranked 32nd worldwide in the list of 130 countries in the FM Global Resilience Index 2021, ahead of Qatar (34th), Israel (37th), Bahrain (49th), Saudi Arabia (55th), Turkey (60th), India (62nd), Oman (69th), China (77th) and Kuwait (86th). ....

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UAE reforms win reassuring vote of confidence from investors

Nation to have more measures to strengthen investment landscape, priority sectors ....

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UAE economy fell 6.1% last year as COVID-19 crisis hit key sectors

UAE economy fell 6.1% last year as COVID-19 crisis hit key sectors
The United Arab Emirates economy shrank 6.1% last year as the coronavirus crisis hit several key sectors
Reuters | May 3, 2021 | Updated 10:58 IST
The United Arab Emirates economy shrank 6.1% last year, the country s statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors.
The country s economy is linked through foreign trade, foreign investment, tourism and the logistical sector with the movement of trade and investment and global transportation, which declined significantly in 2020 worldwide, the Federal Competitiveness and Statistics Centre said in a report.
The non-oil economy shrank by 6.2%, it said, with sectors such as accommodation and food services declining by 23.6%, wholesale and retail trade by 13.1% and construction by 10.4%. ....

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UAE economy shrank 6.1% last year amid COVID-19 crisis: Preliminary data

"The country s economy is linked through foreign trade, foreign investment, tourism and the logistical sector with the movement of trade and investment and global transportation, which declined significantly in 2020 worldwide," the Federal Competitiveness and Statistics Centre said in a report. ....

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