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.
Abu Dhabi’s Department of Municipalities and Transport has issued a package of administrative decisions to strengthen transparency, governance and investor protection across the real estate sector.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Executive Chairman of XRG, has received the 2026 Distinguished Global Leadership Award from the Washington D.C.-based Middle East Institute (MEI).
Dubai has achieved its highest ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place, underscoring the emirate’s rise as one of the world's most influential financial hubs and its importance in the global financial system.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.