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The bank expects the oil sector to grow 5% in 2019, compared with 2.8% in 2018, while the non-oil sector will grow 1.4%, slightly faster than 2018. Life expectancy at birth in Dubai has risen to 80.7 years, the highest among the MENA countries, and the mortality rate for children has declined. Growth will also be driven as well by the improvement in average oil prices from $71.9 in 2018 to $72.3 in 2019, according the IMF statistics which expected a rise in the country's crude output to 3.1 million barrels per day from 3 million in 2018. On Wednesday, the Institute of Chartered Accountants in England and Wales (ICAEW) said the GCC is expected to post economic growth of 2.3 percent in 2019, a marginal improvement on the previous year of 0.3 percent.
The government has been keen to provide social services to its people, and this effort contributed to the UAE maintaining its first place among Arab countries and the 21st place worldwide in the World Happiness Report 2018.You may be trying to access this site from a secured browser on the server. .
The report also said the economy posted estimated growth of 2.2% in the second quarter compared to a year earlier, with non-oil real GDP up 1.5%. . The economy grew 1.7% in 2018, according to preliminary data released by the government. . The Dubai Industrial Strategy 2030 aims to boost the global competitiveness of Dubai’s industrial sectors and make them a powerful economic growth engine. This chapter identifies strengths and challenges to Dubai’s wholesale retail trade, chiefly, the growth in popularity of e-commerce and an oversupply of retail space are perceived threats to retail & services. Please enable scripts and reload this page. While the tourism sector aims to maintain a high growth of visitors to the Emirate in the coming decade, Dubai also has been pursuing sustainable tourism initiatives in the form of ecotourism.This chapter highlights recent social developments based on a number of indicators, related to population, education and health. The Gross Domestic Product (GDP) in the United Arab Emirates expanded 2 percent in 2019 from the previous year. At the end of 2018, the population of Dubai reached about 3.19 million people. This chapter highlights the importance of these sectors as drivers of economic growth and foreign investment, and endowed with a well-managed infrastructure to effectively support transport of people, goods and services in and around the country.
The bank expects the oil sector to grow 5% in 2019, compared with 2.8% in 2018, while the non-oil sector will grow 1.4%, slightly faster than 2018. Life expectancy at birth in Dubai has risen to 80.7 years, the highest among the MENA countries, and the mortality rate for children has declined. Growth will also be driven as well by the improvement in average oil prices from $71.9 in 2018 to $72.3 in 2019, according the IMF statistics which expected a rise in the country's crude output to 3.1 million barrels per day from 3 million in 2018. On Wednesday, the Institute of Chartered Accountants in England and Wales (ICAEW) said the GCC is expected to post economic growth of 2.3 percent in 2019, a marginal improvement on the previous year of 0.3 percent.
The government has been keen to provide social services to its people, and this effort contributed to the UAE maintaining its first place among Arab countries and the 21st place worldwide in the World Happiness Report 2018.You may be trying to access this site from a secured browser on the server. .
The report also said the economy posted estimated growth of 2.2% in the second quarter compared to a year earlier, with non-oil real GDP up 1.5%. . The economy grew 1.7% in 2018, according to preliminary data released by the government. . The Dubai Industrial Strategy 2030 aims to boost the global competitiveness of Dubai’s industrial sectors and make them a powerful economic growth engine. This chapter identifies strengths and challenges to Dubai’s wholesale retail trade, chiefly, the growth in popularity of e-commerce and an oversupply of retail space are perceived threats to retail & services. Please enable scripts and reload this page. While the tourism sector aims to maintain a high growth of visitors to the Emirate in the coming decade, Dubai also has been pursuing sustainable tourism initiatives in the form of ecotourism.This chapter highlights recent social developments based on a number of indicators, related to population, education and health. The Gross Domestic Product (GDP) in the United Arab Emirates expanded 2 percent in 2019 from the previous year. At the end of 2018, the population of Dubai reached about 3.19 million people. This chapter highlights the importance of these sectors as drivers of economic growth and foreign investment, and endowed with a well-managed infrastructure to effectively support transport of people, goods and services in and around the country.