good stability Global DOTP Market to 2024 United Arab Emirates

  • good stability Global DOTP Market to 2024 United Arab Emirates
  • good stability Global DOTP Market to 2024 United Arab Emirates
  • good stability Global DOTP Market to 2024 United Arab Emirates
  • Will the UAE be politically stable in 2024-28?
  • The UAE will be politically stable throughout the 2024-28 forecast period. The Abu Dhabi ruler, Sheikh Mohammed bin Zayed al-Nahyan, will maintain policy stability following the smooth transfer of power in May 2022, when he became president; he cemented his position by appointing his son as the crown prince of Abu Dhabi in early 2023.
  • Will tourism contribute to UAE GDP growth in 2024?
  • International travel has largely returned to pre-pandemic levels according to data from IATA, and growth in passenger traffic is thus expected to slow in 2024 and beyond, but tourism and hospitality are still expected to contribute positively to UAE GDP growth this year.
  • What is the economic outlook for the UAE in 2024?
  • Subscribing grants you this, plus free access to our articles and magazines. The UAE economic outlook is bright for 2024, with a projected 5.7% GDP growth rate, supported by the performance of key non-oil sectors.
  • Will oil and gas GDP grow in the UAE in 2023?
  • We had pencilled in a -2% contraction in oil and gas GDP in 2023, but Bloomberg oil production data shows the UAE produced 3.15mn b/d on average last year, almost unchanged from 2022, so we have revised our estimate for oil and gas GDP growth up to zero in 2023.
  • Will UAE non-oil GDP growth accelerate in Q4?
  • PMI data point to an acceleration in activity in Q4 across the UAE, and there is likely upside risk to our 5.0% UAE non-oil GDP growth estimate for 2023. We estimate headline GDP growth of 3.6% last year.
  • Why is the UAE repositioning itself as a global hub?
  • The UAE was ranked first in getting electricity and third in dealing with construction permits out of 190 countries. The UAE aims to reposition itself as a global hub for business and finance due to the increasing amount of competition the country is facing from Saudi Arabia.

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