We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - ECONOMIC DEVELOPMENT

Removal of tariffs will boost trade

Posted on 17/02/2006

Inter-Arab trade is poised for growth with the elimination of tariffs on Arab goods and the Greater Arab Free Trade Area (Gafta) becoming a reality, but several barriers continue to hamper trade, Arab ministers and officials said yesterday. They made a strong plea to enhance the services trade among Arab states and dismantle non-tariff barriers. "The Arab countries have eliminated all tariffs on goods and we have achieved the creation of the Gafta. The value of trade among Arab countries ...  >>MORE

UAE first in ME WEF ratings, 2005 GDP to surge to Dh424 billion

Posted on 26/12/2005

The UAE is positioned first at the Middle East and North Africa level and eighteenth internationally in the competitive growth indicator rating issued recently by the World Economic Forum in Geneva. A statement from the Department of Economic Studies, Ministry of Economy and Planning, highlights some of the reasons for the UAE obtaining this eminent distinction in a record time. The department report also indicated that the UAE's GDP will surge to Dh424 billion in 2005 over Dh379 billion in ...  >>MORE

UAE economy to gain US$30 billion in 2005

Posted on 21/12/2005

The UAE's economy is expected to gain a staggering US$30 billion in nominal terms in 2005 to become the third largest economy in the Middle East and Central Asia, according to projections by the International Monetary Fund (IMF). The country's gross domestic product peaked at around US$104.2 billion in 2004 after rocketing by more than 17 percent over the 2003 GDP of US$88.5 billion. In 2005, the GDP is projected to swell by nearly US$30 billion or 28.5 percent to a record US$133.8 billion ...  >>MORE

Abu Dhabi and Spanish Valencia explore economic cooperation

Posted on 04/12/2005

The Abu Dhabi Chamber of Commerce and Industry on Wednesday met with a visiting delegation from Valencia Region in Spain, with the objective of expanding economic and investment cooperation in all aspects. Mohammed Omar Abdullah, Director General of ADCCI, lauded the unique commercial ties between the UAE and Spain and with Valencia city which is famous for various industries, especially furniture and building materials. The Spanish delegation also appreciated the efforts being exerted by ...  >>MORE

Clinton sees Dubai as a role model for development

Posted on 29/11/2005

Former US President Bill Clinton praised Dubai's achievements and the leadership of General Sheikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. "Dubai is a role model of what could be achieved despite the other negative developments in the region," Clinton told delegates at the Leaders in Dubai conference through a live webcast from Sri Lanka. "Look at Dubai, which has achieved enormous growth in such a short period of time. Less than 6 per cent of Dubai's ...  >>MORE

UAE set for deficit in 2006

Posted on 27/11/2005

The planned expenditure of the UAE government for 2006 is estimated to be about Dh27.52 billion with revenue expected to be around Dh25.49 billion, leaving the government with a deficit of Dh2.03 billion, revealed an Arabic daily. According to the report, 2005 was the first year in 24 years where the government ran a surplus as opposed to a deficit. In 2005, expenditure is estimated to be about Dh17.6 billion, while expected revenue is about Dh18.6 billion, leaving the government with a ...  >>MORE

EU imports from UAE outpaces its exports

Posted on 09/11/2005

Foreign trade statistics for the first seven months of 2005 released by the European Union showed that exports of these countries to the UAE during the period has reached EUR 11 billion, while imports from the UAE, EUR 4.1 billion. Compared to the corresponding figure for the same period in 2004, the export value represented an annual growth of 24% while imports from the UAE grew by 59%, according to a new study by the DCCI Economic Bulletin. The UK was the largest supplier, with a ...  >>MORE

Hamdan chairs financial and economic panel meeting

Posted on 18/10/2005

Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry, on Sunday chaired the third meeting of the Financial and Economic Committee. The financial reports submitted by ministries stressed a commitment to preserving a balanced budget. The committee also reviewed the federal general budget for 2006 again calling for a balanced approach. The report stressed the need to improve services offered to UAE nationals. It affirmed a priority should be given to ...  >>MORE

UAE leads the region in growth competitiveness

Posted on 02/10/2005

The UAE has topped the list of Middle East and North African countries for growth competitiveness and ranked 18th internationally, according to the Growth Competitiveness Index (GCI) for 2005. The index, released by the World Economic Forum on Wednesday, comprises three components the technology index, public institutions index and macro-economic environment index. The UAE was followed by Qatar which ranked 19th, Kuwait 33rd, Bahrain 37th, Jordan 45th and Egypt 53rd. Finland continued to be ...  >>MORE

Economic growth indicators record significant rise, says Sheikha Lubna

Posted on 13/09/2005

The soaring oil prices, coupled with giant economic projects undertaken by various emirates have led to a significant rise in UAE economic growth indicators, according to Sheikha Lubna Al Qasimi, Minister of Economy and Planning. In a forward to the Socio-economic report released yesterday Sheikha Lubna said: "Economic growth indicators in the UAE have increased significantly in various sectors as a result of high oil prices and massive economic projects executed by the emirates. "Although ...  >>MORE

UAE tops Arab world in economic freedom

Posted on 03/09/2005

The UAE has been ranked highest in the Arab world in the Washington-based Heritage Foundation's Economic Freedom Index for this year. The country scored 2.68 out of 5.00, and was included in the "mostly free" category. It ranked in the top third 48th among the 161 countries assessed. Among the other Arab countries, Kuwait, Oman and Saudi Arabia ranked 54, 60 and 72 respectively. This year's score, however, is a marginal fall from 2004's 2.60. The UAE's highest rating was in 2001, when it ...  >>MORE

UAE's economy is now more mature, stable: says paper

Posted on 20/08/2005

A UAE daily has described as impressive the 7.4 per cent increase in the Gross Domestic Product (GDP) and that the UAE's economy is now more mature and stable. "The announcement on Tuesday that the GDP of the UAE had increased by 7.4 per cent was impressive not just for the size of the increase, but as importantly where the growth came from," commented Gulf News of Dubai in an editorial on Thursday. The UAE's economy, the paper said, is not only growing but also becoming more mature and ...  >>MORE

Abu Dhabi, Dubai to set up credit agency

Posted on 04/07/2005

In a move reflecting cooperation and coordination among government bodies, the Abu Dhabi Planning and Economy Department and Dubai Department for Economic Development signed today an agreement to set up a credit authority in the UAE to embrace best international practices on financial sector. According to the agreement, the two departments shall have equal stake in the joint venture which shall enjoy independent corporate character. The agency, which will be run by a highly technical team on ...  >>MORE

UAE makes drastic review of trade laws: Sheikha Lubna

Posted on 26/06/2005

The UAE is currently making drastic review of its economic and commercial legislations with the aim of reforming them to keep abreast of international developments, a senior UAE official said yesterday. 'Review of the UAE commercial policy is necessary at this critical juncture of economic and trade development in light of new factors of change in the domsetic front,'said Sheikha Lubna Al Qasimi, Minister of Economy and Planning. She told a delegation from the World Trade Organisation (WTO) ...  >>MORE

Dubai economy steams ahead

Posted on 21/06/2005

The estimated population in Dubai at the end of March was 1.086 million, an increase of 16,000, according to civic statistics. Of the total population 74 per cent were males. Figures from the statistical supplement released by Dubai Municipality yesterday also showed Dubai's key airline, hotel and construction industries had a robust first quarter, suggesting economic growth would be strong for a second straight year in 2005. It said Dubai's international airport handled 7.66 million ...  >>MORE

Dubai presented as model of prosperity

Posted on 21/05/2005

Sultan Ahmed bin Sulayem, Chief Executive Officer (CEO) of Dubai Ports, Customs and Free Zone Corporation's (PCFC) and Chairman of Nakheel Properties today made a presentation at the ongoing World Economic Forum, in Jordan, on the experiment of Dubai as a model of a thriving and growing economy. During the presentation, Bin Sulayem brought forward several ideas to help both public and private institutions to embark on the boom currently witnessed by the enterprises sectors in the Middle ...  >>MORE

UAE economy grew 7.4 per cent in 2004

Posted on 16/05/2005

The UAE economy expanded 7.4 per cent in real terms in 2004, led by a 9.4 per cent increase in non-oil activity, official statistics showed. The oil and natural gas sector of the OPEC member grew 2.9 per cent in real terms in 2004, according to Economy and Planning Ministry data received on Sunday. The volume of output of the country's oil and gas sector rose only modestly, limited by capacity constraints and OPEC quotas. However, the sector's value increased sharply, driven by a gain of about ...  >>MORE

Cabinet forms financial and economic committee

Posted on 26/01/2005

The Council of Ministers has formed a ministerial committee to oversee issues pertaining to the federal budget and government performance. To be known as the +Financial and Economic Committee+, the panel was appointed in accordance with the cabinet decision slated as No.2 for 2005 , which was issued yesterday. The committee has been tasked with issues pertaining to the federal budget, upgrading of government performance in addition to handling UAE's economic relations with states and ...  >>MORE

UAE economy projected to grow at 5.9% in '05

Posted on 07/01/2005

The UAE economy is projected to grow 5.9 per cent in 2005. However, the country's inflation rate is forecast to reach a high of 3 per cent and stabilise thereafter. "We had initially estimated growth at 5.7 per cent in 2004. However, a growth rate of 5.6 per cent was announced recently with the GDP touching Dhs314.8 billion. We believe that the economy will continue to grow in 2005 and reach 5.9 per cent, with an even more improved performance expected in 2006," Shuaa Capital Advisor Ahmed Al ...  >>MORE

Maktoum lauds Dubai's progress

Posted on 05/01/2005

H.H Sheikh Maktoum bin Rashid Al Maktoum, Vice President Prime Minister and Ruler of Dubai has expressed his satisfaction over the astounding progress made by Dubai emirate during the last decade. This progress, said Sheikh Maktoum, is part of the overall UAE development march which gained the country a respectable place internationally. Sheikh Maktoum made his remarks yesterday during a meeting with General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Minister of Defence. ...  >>MORE

Big increase in ADCCI membership Abu Dhabi

Posted on 04/01/2005

The total membership of the Abu Dhabi Chamber of Commerce and Industry registered an increase over 21 per cent during the year 2004, according to the statistics released by the Membership Registration Department of the ADCCI yesterday. The total membership of the Chamber stood at 46,431 at the end of 2004. The registration of new membership at the end of the year increased to 8,083 compared with 7,188 in the year 2003. "The increase in the registration of membership is more than 21 per cent ...  >>MORE

UAE market capitalisation surges to US$67.102 billion

Posted on 29/12/2004

With US$67.102 billion, the UAE's market capitalisation has emerged as second highest in the Arab world growing at 50.30 per cent at the end of third quarter of the year 2004. This high place earlier had been retained by Kuwait with US$65.911 billion market capitalisation growing at 10.72 per cent during the same period. The Kingdom of Saudi Arabia has the largest market capitalisation of US$237.580 billion in the Arab world growing at 51.03 per cent during the first three quarters of the ...  >>MORE

Economy ministry sets up two companies

Posted on 28/11/2004

Two new companies have been set up by the Ministry of Economy and Planning. Sheikha Lubna Al Qasimi, issued today two ministerial decrees announcing the setting up the Arab Technical Construction Company as a public joint stock company and the International Real Estate Development Company, as a private joint stock company. The decree stated that the Arab Technical Construction Company should be established with a capital of Dh400 million to be split into 400 million nominal shares of Dh1 per ...  >>MORE

UAE posts average growth of 4.7 per cent pa

Posted on 20/10/2004

The UAE posted average growth of 4.7 per cent a year at a time when the global economy was experiencing negative growth, according to the latest report from the National Bank of Dubai. The country improved its performance further when sentiment was more positive for the global economy by recording growth of 8.6 per cent, according to a report in "Gulf News.” 'Oil prices seem to effectively determine how the non-oil part of the country's economy grows,' the report said. 'Although such ...  >>MORE

Measures to set up data bank in UAE discussed

Posted on 19/09/2004

Sheikh Fahim bin Sultan Al Qasimi, Minister of Economy and Commerce, discussed in Abu Dhabi yesterday with an international American firm measures needed to establish a data bank to serve and help decision-makers in the UAE. In a meeting with Stephen Brobst, Chief Technology Officer of Teradata, a division of NCR Corporation, Al Qasimi underlined the need for a data bank, which the General Information Authority (GIA) seeks to establish shortly in Abu Dhabi. Al Qasimi, who is also Chairman of ...  >>MORE

UAE investment set to exceed Dh65b in 2004

Posted on 06/09/2004

Public and private capital in the UAE is set to surge above Dh65 billion for the first time this year and investments will ally with strong oil prices to keep the country's economy galloping at one of the highest rates in the world. The gross fixed capital formation, or total investments, peaked at Dh63.07 billion (US$17.18 billion) in 2003 and more than 40 per cent of it was pumped in by the private sector which is steadily gaining ground at the expense of the public sector. Projections by ...  >>MORE

UAE gets top rank in long-term regional economic performance

Posted on 04/09/2004

A prestigious Western economic bulletin has awarded the UAE the top mark in long-term economic performance in the region and credited this partly to its political stability. The Dubai-based Gulf News quoted he London-based Business Monitor International (BMI), one of the best-known economic analysis bulletins, as saying the UAE's economy had outperformed all other economies over the past two years and would maintain that trend in the next three years. It stressed the need for the Emirates ...  >>MORE

UAE among advanced countries in human development

Posted on 29/08/2004

The UAE has retained its position as one of the most advanced countries of the world in terms of human development. According to the UN Human development report for 2004 which covers 177 countries, the UAE came in the fourth place at the Arab level and 49th worldwide. Norway topped the world list. 'The GDP per capita per purchase power in the UAE was US$22,420 in 2002,' the report showed. It said that spending on the health sector in the UAE accounted for 2.6 per cent of the GDP in 2001. Life ...  >>MORE

Abu Dhabi economy steams ahead with diversification

Posted on 06/08/2004

The Emirate of Abu Dhabi is pressing ahead with its ambitious plans to diversify its economic base and sources of income away from dependence of volatile oil and gas revenues. Apart from the emirate's plans to set up five industrial zones and the world's largest complex for service companies in the onshore and offshore oil and gas business, the creation in May of the Higher Corporation for Specialised Economic Zones (HCSEZ) by H.H. Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi Crown Prince ...  >>MORE

Sharjah set for major investments

Posted on 22/06/2004

More than Dh600 million in fresh investment is expected to be pumped into several Sharjah projects including two new shopping malls and more than six hotel projects in various stages of implementation. According to Sheikh Tariq bin Faisal Al Qasimi, Chairman of the Sharjah Economic Development Department, this year will also see Sharjah setting up more retail facilities in the university area. "Tenders will also be floated for the expansion of Sharjah International Airport, which will cost ...  >>MORE

New company to manage Abu Dhabi economic zones

Posted on 29/05/2004

His Highness Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, has issued Law No 3 for 2004 establishing the Higher Corporation for Specialised Economic Zones (HCSEZ) in Abu Dhabi. The newly founded corporation, which comes under the chairman of the Abu Dhabi Economic Department, aims at providing integrated infrastructure, environment and professional and distinctive services by establishing and managing specialised zones in the ...  >>MORE

Mohammed: UAE growth defies regional troubles

Posted on 30/12/2002

General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, was yesterday satisfied with the performance of the UAE economy considering the circumstances the region is going through. "Despite the circumstances the region is living in, I am satisfied with the good performance of our establishments. If we compare them with regional happenings, we will find out that they are well ahead. The UAE does not stop until the world solves its problems, but keeps moving," ...  >>MORE

Dubai, Sharjah, Ajman top growth

Posted on 09/12/2002

The emirates of Dubai and nearby Sharjah and Ajman recorded the highest growth rates in the UAE over the past eight years, while Abu Dhabi remained the dominant force in the country's economy, according to official estimates. Ajman, which had the highest population growth over the past decade, recorded a mammoth economic growth rate of 16.3 per cent between 1993 and 2001, the Ministry of Planning said in its 2002 economic and social report. From only Dh1.8 billion (US$490 million) in 1993, ...  >>MORE

Net foreign assets of UAE cross Dh125b

Posted on 30/11/2002

The UAE's net foreign assets have grown to Dh125.24 billion at the end of third quarter, from Dh120.69 billion, which the country recorded for the previous year. Revealing this in a statement to mark National Day, Mohammed bin Eid Al Muraiklhi, chairman of the UAE Central Bank, added that the economic policy adopted by UAE in 2001-02 depends on diversified sources of income. "Despite the fact that oil remains the major source of income as the country has oil and natural gas reserves ...  >>MORE

Dubai rated among top three cities of decade

Posted on 09/11/2002

Rapidly-expanding Dubai has been chosen by the global property consultants Jones Lang LaSalle as one of the most successful cities of the last decade, for attracting investment, its favourable business environment and for providing the physical infrastructure to match it. Among 100 global metropolitan areas covered by the study, Dublin and Las Vegas were also found the most successful cities between 1991 and 2001, with Dubai. They were successful for five measures of city growth and real ...  >>MORE

UAE allocates more funds for development

Posted on 30/10/2002

The UAE boosted allocations for development projects and subsidies by more than 7 billion in 2001 to sustain real growth in the economy and ensure services for the citizens despite a decline in revenues, according to official statistics. The increase boosted overall expenditure to its highest ever level in 2001 and this allied with lower revenues to widen the budget deficit by almost three times. But the shortfall was easily covered through return from the country's massive overseas investments ...  >>MORE

UAE economy set to pick up despite war fears - EIU

Posted on 28/10/2002

The UAE's economy is expected to pick up in the next two years and its external financial balance will remain largely in surplus despite fears of an outbreak of war in Iraq and a projected decline in its oil revenues, according to a Western report. The gross domestic product (GDP) is forecast to grow by nearly 1.5 per cent in real terms this year to around Dh247.4 billion (US$67.4 billion) in 2002 after a staggering real growth of nearly 6.9 per cent in 2000 and a modest 1.3 per cent in 2001, ...  >>MORE

UAE registers high socio-economic growth rate: UN

Posted on 23/10/2002

The United Nations Development Programme (UNDP) has implemented projects worth US $4 million in the UAE over the last year, in the field of natural resources, civil aviation and globalisation. During this period it has fielded over 60 high-level advisers to the country in different fields including Institutional Development, Information and Communication Technologies, health, drug control and welfare, the United Nations' Resident Co-ordinator in the UAE Nadir Hadj-Hammou said in the capital ...  >>MORE

DDIA sets up arm to shape growth strategy

Posted on 13/10/2002

The Dubai Development and Investment Authority (DDIA) has opened its development division that will be responsible for recommending policy and formulating strategy about Dubai's future. "Dubai needs a clear vision and strategy to move forward and progress," said Mohammed Al Gergawi, DDIA chairman. DDIA was launched in April this year with a mandate to promote the economic growth and development of Dubai. It aims to attract corporate and private investors to the UAE and to facilitate the ...  >>MORE

GCC may witness moderate growth

Posted on 26/08/2002

The combined economy of the GCC stood at around US$323 billion in 2001 and is expected to record a modest growth this year mainly because of lower crude oil production and prices, according to independent forecasts. After a real growth of 4.6 per cent in 2000 and 2.3 per cent in 2001, the GDP of the group is projected to grow by around 1.9 per cent this year, showed figures by London-based Economic Intelligence Unit and Al Shaal Centre, Kuwait's main stocks brokerage house. A current account ...  >>MORE

Diversification ensures steady growth: Khalifa

Posted on 19/08/2002

The UAE is determined to build a balanced economic structure based on diversification of its sources of income to ensure steady growth in all sectors and improve the standard of living and income of citizens, according to Sheikh Khalifa bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. "We are thinking about ways of confronting the future, when the oil dries out. The solution lies in diversifying the sources of our income," Sheikh Khalifa ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Removal of tariffs will boost trade


UAE first in ME WEF ratings, 2005 GDP to surge to Dh424 billion


UAE economy to gain US$30 billion in 2005


Abu Dhabi and Spanish Valencia explore economic cooperation


Clinton sees Dubai as a role model for development


UAE set for deficit in 2006


EU imports from UAE outpaces its exports


Hamdan chairs financial and economic panel meeting


UAE leads the region in growth competitiveness


Economic growth indicators record significant rise, says Sheikha Lubna


UAE tops Arab world in economic freedom


UAE's economy is now more mature, stable: says paper


Abu Dhabi, Dubai to set up credit agency


UAE makes drastic review of trade laws: Sheikha Lubna


Dubai economy steams ahead


Dubai presented as model of prosperity


UAE economy grew 7.4 per cent in 2004


Cabinet forms financial and economic committee


UAE economy projected to grow at 5.9% in '05


Maktoum lauds Dubai's progress


Big increase in ADCCI membership Abu Dhabi


UAE market capitalisation surges to US$67.102 billion


Economy ministry sets up two companies


UAE posts average growth of 4.7 per cent pa


Measures to set up data bank in UAE discussed


UAE investment set to exceed Dh65b in 2004


UAE gets top rank in long-term regional economic performance


UAE among advanced countries in human development


Abu Dhabi economy steams ahead with diversification


Sharjah set for major investments


New company to manage Abu Dhabi economic zones


Mohammed: UAE growth defies regional troubles


Dubai, Sharjah, Ajman top growth


Net foreign assets of UAE cross Dh125b


Dubai rated among top three cities of decade


UAE allocates more funds for development


UAE economy set to pick up despite war fears - EIU


UAE registers high socio-economic growth rate: UN


DDIA sets up arm to shape growth strategy


GCC may witness moderate growth


Diversification ensures steady growth: Khalifa