<\/p>\n
The UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec).<\/p>\n
The UAE’s non-oil GDP registered a significant y-o-y increase of 7.3% in Q2 2023, with major contributions from the construction, finance and insurance sectors, it stated in the May report.<\/p>\n
This momentum appears to have carried through 2023, particularly in Abu Dhabi, where non-oil GDP grew by 10.4% YoY in Q4 2023, it added.<\/p>\n
The report further showed that Dubai’s economy expanded by 3.5% YoY in the third quarter, with notable growth in transportation and storage at 12% and accommodation and food services activities at 16.1%.<\/p>\n
The construction sector in Dubai expanded at a more moderate pace of 1.1%, it stated.<\/p>\n
Meanwhile, the Central Bank of the UAE has kept its key policy rate steady at 5.4% unchanged since July 2023. The seasonally adjusted S&P Global PMI for the UAE reached 55.3 in April, down from 56.9 in March and 57.1 in February, but remains in expansionary territory, indicating continued growth.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The UAE’s non-oil GDP registered a significant y-o-y increase of 7.3% in Q2 2023, with major contributions from the construction, finance and insurance sectors, it stated […]<\/p>\n","protected":false},"author":1,"featured_media":1660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/UAE-22-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/UAE-22-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/UAE-22-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/05\/UAE-22.jpeg",1200,800,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1659"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1659\/revisions"}],"predecessor-version":[{"id":1661,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1659\/revisions\/1661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1660"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}