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THE ECONOMY - GROSS DOMESTIC PRODUCT, GDP

Investments into Abu Dhabi set to reach Dh1 trillion

Posted on 02/06/2008

Abu Dhabi has attracted nearly Dh300 billion in cumulative investments over the past five years and the capital is projected to triple to more than Dh1 trillion in the next five years, semi-official data showed yesterday. But the total value of projects to be carried out in the emirate could exceed Dh1.3trn in the next few years and more than half of them would be in the construction sector, said the Abu Dhabi Chamber of Commerce and Industry. In a 50-page report on Abu Dhabi's economy, the ...  >>MORE

UAE's nominal GDP to surge 24.5pc in 2008

Posted on 13/05/2008

The International Monetary Fund (IMF) yesterday said inflation in the UAE, estimated at 11 per cent in 2007, is set to drop to nine per cent in 2008, but cautioned that dirham's de-pegging from the dollar or revaluation could have little impact in controlling escalating prices. Mohsin Khan, Director of IMF's Middle East and Central Asia Department (MCD), said the UAE would see a sustained growth with its nominal Gross Domestic Product (GDP) achieving 24.5 per cent growth — from US$192.6 ...  >>MORE

Abu Dhabi GDP projected to hit US$300 billion by 2025: DPE weekly report

Posted on 11/05/2008

With steady growth of non oil sector, Abu Dhabi GDP will hit US$300 billion by 2025. Non oil sector is predicted to touch 60 per cent of Abu Dhabi GDP, while oil sector is projected to reach 40 per cent of GDP, according to the weekly report released by Department of Planning and Economy (DPE). "The Abu Dhabi emirate is faring steadily and forcefully into future under master strategic plans and guidelines aiming at a radical transformation in the local economic structure", it added. The report ...  >>MORE

Ajman GDP surges 27% to hit Dh10bn

Posted on 01/05/2008

Ajman's gross domestic product (GDP) grew by 27 per cent in 2007 over the year before to touch Dh10 billion, according to the emirate's Chamber of Commerce and Industry. Obaid Ali Al Muhairi, Chairman of Ajman Chamber of Commerce and Industry, told Emirates Business the increase, which he termed significant, could be attributed to the growth of investments in various sectors in the emirate. He added that over the past five years – from 2003 to 2007 – the volume of trade, or exports and ...  >>MORE

UAE's CPI expected 8% by end-2009

Posted on 29/04/2008

The consumer price index (CPI) in the UAE is expected to decline to 8 per cent by the end of 2009 after hitting 12 per cent this year, Merrill Lynch said on Monday. The UAE's real gross domestic product is likely to decline to 6.1 per cent for the coming year after registering a rise to 6.4 per cent this year, it added. According to Merrill Lynch, the UAE's nominal gross domestic product is expected to touch US$220 billion (Dhs807.4 billion) this year, up from nearly US$190 billion, and is ...  >>MORE

Dubai set to sustain 11pc GDP growth

Posted on 29/03/2008

Dubai's real gross domestic product (GDP), which surged to a record Dh198 billion in 2007, is predicted to sustain an average growth rate of 11 per cent for the next eight years. The main driver of this remarkable growth - outpacing the average growth rate forecast for the GCC - will be the non-oil sector, growing at a spectacular pace. According to Hisham Abdullah Al Shirawi, Second Vice-Chairman, Dubai Chamber of Commerce and Industry, the key sectors fuelling the growth include tourism, ...  >>MORE

RAK GDP grows by more than 50 % over the last four years.

Posted on 28/01/2008

Ras Al Khaimah's Gross Domestic Product (GDP) has grown by more than 50% over the last four years and the fast- growing emirate, riding a wave of massive inward investments, is expected to clock an annual growth rate of over 15% in the next few years, Ras Al Khaimah Investment Authority (RAKIA) announced at the Ras Al Khaimah Conference 2008 which started off at the Al Hamra Fort Hotel here today. Delivering the keynote address at the conference, Dr. Khater Massaad, Advisor to RAK Crown ...  >>MORE

UAE's non-oil GDP to exceed 70%

Posted on 08/01/2008

The UAE's non-oil gross domestic product is expected to exceed 70 per cent by 2010, according to forecasts by NCB Capital, a Saudi Arabia-based investment bank. The country's GDP is believed to have reached Dh698 billion last year from Dh599 billion in 2006, according to the UAE Ministry of Economy. "The UAE economy has been largely hydrocarbon-independent. Going forward, on the back of continued diversification efforts, we expect the growth in non-oil sectors to surpass that of the oil ...  >>MORE

Emirates GDP up 16.48%

Posted on 06/01/2008

The UAE economy will surpass expectations and grow at 16.48 per cent in nominal terms in 2007, driven by higher-than-forecast expansion of the non-oil sectors and record crude prices, the Ministry of Economy said Saturday. Earlier expectations of increase in the country's gross domestic product, or GDP, had peaked at 16 per cent in October when the International Monetary Fund had predicted a GDP of Dh679.1 billion in 2007. The Ministry of Economy said it expects the GDP for 2007 to reach ...  >>MORE

IMF sees 7.7% growth in UAE’s GDP

Posted on 18/10/2007

The real Gross Domestic Product, GDP, of the UAE is expected to grow by 7.7 per cent this year compared to 9.4 per cent in 2006 and 8.2 per cent in 2005, according the International Monetary Fund, IMF. In its Article 4 Report on the performance of the UAE economy, the IMF said the oil gross domestic product of the UAE was likely to grow to 3.5 per cent this year compared with 6.5 per cent in 2006. According to the report, the nominal gross domestic product of the UAE is expected to grow to ...  >>MORE

UAE's GDP records 23.4% rise in 2006 to Dh599.2b

Posted on 10/09/2007

UAE's gross domestic production (GDP) increased by 23.4 per cent at current prices in 2006 to amount to Dh599.2 billion when compared to the preceding year, according to the country's central bank. The increase in the non-oil sectors surged to 20.3 per cent, to constitute 62.7 per cent of the total GDP, while revenues from oil and gas production increased by 29 per cent to Dh223.4 billion. The balance of payment achieved a surplus in both the trade and current balances, with the latter's ...  >>MORE

UAE revises 2006 GDP growth to 9.4%

Posted on 21/08/2007

The UAE revised up its 2006 economic growth rate to 9.4 per cent on faster expansion in the oil and gas sector, the economy ministry said. The second-largest Arab economy expanded to Dh391.16 billion (US$106.5 billion) last year, from Dh357.59 billion in 2005, according to the latest data published on the Ministry of Economy website. The ministry said in March real gross domestic product grew 8.9 per cent last year. The ministry revised the growth rate to account for higher growth in the oil ...  >>MORE

UAE's GDP to surge to Dh584b in 2010: report

Posted on 25/07/2007

Gross Domestic Product, GDP, of the emirate of Abu Dhabi is projected to rise by 8.2% in 2007 and will maintain a steady growth rate of no less than 13% to hit Dh584 billion in 2010, according to a recent report by the Abu Dhabi Chamber of Commerce and Industry, ADCCI. The report which was published today expected non-oil sectors to keep a steady annual growth of at least than 18%. The share of non-oil sectors in the GDP is expected by the report to rise to Dh163 billion in 2007 up from Dh138 ...  >>MORE

UAE's GDP predicted to reach Dh697b in 2007

Posted on 21/05/2007

UAE's Gross Domestic Product is projected to rise to Dh 697 billion in 2007, according to the country's Investment Climate report for 2006, published by the Ministry of Finance & Industry. The report, which was prepared by the ministry in collaboration with the Arab Investment Guarantee Corporation, provides indicators for macro economy, investment promotion activities, legislative and corporate developments, tourism sector and the new economy initiatives. According to the report, the ...  >>MORE

UAE GDP in 2007 expected to touch Dh689 billion

Posted on 14/05/2007

The gross domestic product (GDP) growth of the United Arab Emirates (UAE) is projected to rise to US$186.2 billion (Dhs689 billion) in 2007 against US$168.5 billion (Dhs623.45 billion) last year. According to International Monetary Fund's (IMF) latest report, the non-oil GDP growth of the UAE is expected to drop by one per cent to 10.1 per cent in 2007 against 11.1 per cent in 2006; the oil GDP growth is estimated to substantially decline by 2.5 per cent in 2007 against six per cent last ...  >>MORE

UAE's GDP surges ahead

Posted on 19/03/2007

The UAE's Gross Domestic Product (GDP) grew in nominal terms by 23.5 per cent in 2006 to Dh599 billion, compared to Dh485 billion in 2005, according to a report issued by the Ministry of Economy yesterday. The economic growth rate reached 33.4 per cent at current prices, while in terms of fixed prices the rate was 8.9 per cent. "The base year for the fixed prices based growth calculation is 2000," said Sultan Bin Nasser Al Suwaidi, governor of the UAE Central Bank. The non-oil sector's ...  >>MORE

Abu Dhabi GDP likely to touch Dh584b by '10

Posted on 11/03/2007

The gross domestic product (GDP) of Abu Dhabi emirate is expected to touch Dhs584 billion by 2010, growing annually by 13 per cent, according to a report. In 2006, the GDP of Abu Dhabi amounted to Dhs367 billion and is expected to average around 8.2 per cent growth in 2007. The GDP growth in the emirate in 2006 was mainly attributed to high oil prices. A report published by the Abu Dhabi Chamber of Commerce and Industry (ADCCI) said that oil prices hovered around US$64.5 a barrel, and ...  >>MORE

Nominal UAE GDP rises 23% to Dh599b

Posted on 15/02/2007

The UAE's nominal gross domestic products (GDP) rose 23 per cent to Dh599 billion last year, according to a top government official. "Our economy is going ahead in leaps and bounds. Growth for the UAE has been 23 per cent in nominal terms for 2006 and GDP was Dh599 billion for 2006. This is another record year for the UAE," Mohammad Ahmad Bin Abdul Aziz, undersecretary for Planning at the Ministry of Economy told delegates at the Greece Business Forum yesterday. "Oil prices have reached ...  >>MORE

Tourism contributes 18% to Dubai's GDP per year

Posted on 14/02/2007

The director of operations and marketing at the Dubai Department of Tourism and Commerce Marketing (DTCM) Mohammad Khamis Bin Hareb said that tourism contributes around 18 per cent of Dubai's direct gross domestic product and 29 per cent of its indirect GDP. He said this comes as a result of the tremendous efforts exerted by the government of Dubai in activating tourism. Bin Hareb made these remarks while speaking at an inaugural ceremony of a symposium for the promotion of tourism and real ...  >>MORE

Sharjah GDP climbs an impressive 19%

Posted on 25/01/2007

Sharjah's gross domestic product grew 19 per cent to Dh42.5 billion last year compared with Dh37.5 billion in 2005, according to a top official. "This is further proof of the success of our investment plans which we have prepared and which have now translated into generating continuous economic growth for our emirate," Ali Bin Salem Al Mahmoud, director-general of the Sharjah Economic Development Department (SEDD), said in a statement. SEDD issued 40,215 licences in 2006, a 10.2 per cent ...  >>MORE

Abu Dhabi GDP to touch Dh584b

Posted on 23/01/2007

The Gross Domestic Product (GDP) of Abu Dhabi is projected to rise significantly by 8.2 per cent in 2007, according to Salah Salim Bin Omeir Al Shamsi, Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI). Al Shamsi also predicted the growth of the GDP in the emirate to maintain the uptrend to around 13 per cent in the few years to come until it reaches Dh584 billion by 2010. The ADCCI chief added: "The 2006 GDP which stood at Dh367 billion, was driven by high average price ...  >>MORE

Abu Dhabi GDP may hit Dh367bn in 2006

Posted on 27/12/2006

Abu Dhabi's gross domestic product (GDP) this year is expected to go up to Dh367 billion and then increase by 8.2 per cent in 2007, according to a report released yesterday by the Abu Dhabi Chamber of Commerce and Industry (ADCCI). The emirate's economy will continue in its upward trajectory to log growth rates of at least 13 per cent per annum until 2010, the report said. The volume of development projects in the emirate has reached some Dh923bn in 2006, the chamber said, and added that ...  >>MORE

Sheikha Lubna predicts 23 percent GDP growth in 06

Posted on 25/11/2006

The United Arab Emirates is set to keep the pace of economic boom during 2006 with the country's Gross Domestic Product expected to rise by 23 percent to Dh 597 billion, according to Economy Minister Sheikha Lubna Al Qasimi. Addressing a celebration held in commemoration of the Dubai Office of the Japan Bank for International Cooperation, Sheikha Lubna quoted the International Monetary Fund forecasts as suggesting a massive 36 percent growth in GDP to Dh 648 in 2006. "In 2005, the UAE ...  >>MORE

Abu Dhabi and Dubai lead in contributions to GDP

Posted on 09/11/2006

Abu Dhabi and Dubai contributed 59 per cent and 28.9 per cent respectively to the UAE's GDP last year, according to the latest report by the Dubai Chamber of Commerce and Industry (DCCI). Sharjah and Ajman contributed 7.4 per cent and 1.2 per cent to the UAE's GDP, Umm al-Qawain, Ras Al-Khaimah, and Fujairah contributed 0.4 per cent, 1.9 per cent and 0.4 per cent respectively Sector-wise, oil contributed 27 per cent while manufacturing fetched 20 per cent, trade 17 per cent, real estate ...  >>MORE

Abu Dhabi's GDP likely to grow 13.25% this year

Posted on 08/11/2006

Abu Dhabi's GDP is expected to grow by 13.25 per cent to Dh341 billion this year compared to Dh301 billion in 2005, on the back of a robust non-oil sector. According to the Abu Dhabi Chamber of Commerce and Industry (ADCCI), the non-oil sector contributed more than Dh105.6 billion to GDP in 2004, Dh122.3 billion in 2005, and it is projected to rise to Dh139.4 billion in 2006. "Over the past six months, the emirate of Abu Dhabi has announced investments in excess of Dh587.2 billion (US$160 ...  >>MORE

RAK GDP rises 18% to Dh9.25b

Posted on 08/11/2006

Ras al-Khaimah's economy has made a significant jump in terms of growth with the emirate's gross domestic product (GDP) rising by 18 per cent to Dh9.252 billion in 2005 compared with Dh7.834 million in 2004, according to a special report issued by the Ras Al Khaimah Economic Department on Monday. The report showed that Ras Al Khaimah's economy depended significantly on the wholesale and retail trade, which claimed 16 per cent, followed by government spending at 14 per cent of the emirates ...  >>MORE

UAE GDP will grow by 23% this year: Economy Minister

Posted on 02/11/2006

Sheikha Lubna Bint Khalid Al Qasimi, Minister of Economy, has anticipated that this year's Gross Domestic Product (GDP) of the UAE will jump by 23 per cent to touch Dh 597 billion at current prices compared to figures recorded in 2005. She estimated that local investment would grow by 24.9 per cent to reach Dh 117 billion given the volume of projects under construction around the country, which include roads, airport expansions and other development activities. The minister said non-oil ...  >>MORE

UAE's GDP to grow 24 per cent

Posted on 25/09/2006

The UAE's nominal gross domestic product is expected to grow by 24 per cent to US$161.3 billion (Dh592 billion) this year compared with US$129.8 billion (Dh476.4 billion in 2005, according to a report issued recently by the National Bank of Abu Dhabi. The nominal gross domestic product is likely to grow by up to 10.4 per cent to US$178 billion (Dh653.3 billion) by next year, the report said. According to the report, the assets of the UAE banking sector is estimated at US$194 billion (Dh712 ...  >>MORE

Dubai's GDP records 27% growth in '05

Posted on 14/09/2006

Dubai's nominal GDP grew 27 per cent in 2005 and now comprises 29 per cent of the UAE's total GDP, the Dubai Chamber of Commerce and Industry (DCCI) said yesterday. It said in a report that the non-oil sectors are still the backbone of Dubai's economic growth. "The oil share in Dubai's GDP was around 10.3 per cent in 2000 and it dropped to only 5.4 per cent by 2005," the report said. "In contrast, the share of trade and repairing services sector has increased from 16.3 per cent to 22.8 per ...  >>MORE

Ras al-Khaimah makes quantum leap, touches Dh9.2billion

Posted on 14/09/2006

The gross domestic product of Ras al-Khaimah has made a quantum leap touching a peak of Dh9.252 billion in 2005. A well-informed source told Al Khaleej that the growth rate of Ras al-Khaimah GDP in 2005 was estimated at 18-25 per cent compared to the previous year in which the emirate's GDP was Dh7.834 billion. Ras al-Khaimah's GDP was Dh 7.196 billion in 2003 and Dh6.783 billion in 2002. The two indices mirror the constant growth of the local economy as well as the successful policies and ...  >>MORE

Abu Dhabi GDP grows to Dh302b

Posted on 26/07/2006

Abu Dhabi's gross domestic product has surged to Dh301.7 billion in 2005 from Dh218.4 billion in 2004 and is projected to reach Dh341 billion this year on the back of a robust non-oil sector, said the chief of the Abu Dhabi Chamber of Commerce and Industry. "Abu Dhabi has had a steady growth of GDP for the last several years. It stood at Dh218.4 billion in 2004, Dh301.7 billion in 2005 and is projected to increase to Dh341 billion in 2006," said Salah Salem Bin Omeir Al Shamsi, chairman of ...  >>MORE

Gross domestic product rises to Dh485 billion

Posted on 27/06/2006

Record oil revenues have lifted the UAE's GDP to Dh485 billion in 2005, up 26.4 per cent over 2004 impacting positively on the balance of trade and creating a surplus in government's finances for the first time in 20 years, the UAE Ministry of Economy said yesterday. The Economic Performance Report, released yesterday, also said the share of the non-oil sector was 64.3 per cent of the total GDP. "The huge rise in the price of oil led to a positive impact on total GDP of the UAE in 2005 as ...  >>MORE

UAE's real GDP grew 8.5% last year

Posted on 24/06/2006

The UAE's GDP grew by 8.5 per cent in real terms in 2005 due to strong growth in non-oil sectors, according to the International Monetary Fund. The non-hydrocarbon sector grew by 11 per cent in real terms, led by gains in the manufacturing and service sectors. The oil sector grew by 2.1 per cent. "Growth was broad-based and most sub-sectors grew at historically high rates," said Mohammad Elhage, the IMF mission chief for the UAE. The numbers reflect the real GDP for 2005 after accounting for ...  >>MORE

UAE's GDP rises 26.4 pc in 2005: official report

Posted on 13/06/2006

The UAE's Gross Domestic Product (GDP) grew 26.4 per cent at current prices to Dh 485 billion in 2005 from Dh 385 billion in 2004, an official report issued yesterday said. The economic performance report showed a continuous rise in the GDP of non-oil sectors. 'Non-oil sector surged by 18.6 per cent to Dh 312 billion in 2005 from Dh 263 billion in 2004, while its contribution to the GDP stood at 64.3 per cent last year, said the report prepared which was by the Ministry of Economy. 'The ...  >>MORE

Sharjah's GNP touches Dh124 billion

Posted on 30/05/2006

Sharjah's gross national product (GNP) exceeded Dh124 billion last year, Sheikh Tariq Bin Faisal Al Qasimi, Chairman of the Sharjah Economic Development Department, told the Sharjah Tatweer Forum. "By enhancing partnerships between the private and public sectors, Tatweer will contribute to attracting more investments to Sharjah and strengthening its economy. Young leaders have a pivotal role to play in ensuring the progress of our economy, through innovative approaches and a commitment to ...  >>MORE

UAE GDP seen at Dh559.3b in 2006

Posted on 06/05/2006

The UAE nominal gross domestic product (GDP) is expected to rise to US$152.4 billion (Dh559.3 billion) in 2006 compared with US$133.8 billion last year, an IMF report said. However, the real GDP growth is likely to fall 1.5 per cent to 6.5 per cent in 2006 from eight per cent in 2005, the IMF Regional Economic Outlook report said. UAE's real oil and non-oil GDP growth declined last year to 7.8 per cent compared to 9.9 per cent in 2004. But it's expected to rise again in 2006 to 8.1 per ...  >>MORE

UAE’s GDP set to touch US$139.4bn in two years

Posted on 22/04/2006

The UAE's gross domestic product (GDP) will rise to US$139.4 billion (Dh511.9bn) within the next two years, according to a report on regional economies. "Since 2002 the UAE economy has overtaken Egypt's in US dollar terms to stand in second place at US$115bn (Dh422bn),” said Jonathan Garner, research analyst at Credit Suisse. "In 2004 and 2005 all countries in the region exhibited real GDP growth in excess of four per cent with Kuwait, Qatar and the UAE all growing by about seven per cent ...  >>MORE

Capital ranks No 1

Posted on 12/04/2006

The GDP per capita in Abu Dhabi has been ranked highest in the world as it surged to US$46,200 (Dh170,000) leaving the fellow GCC states lagging far behind at US$13,500 (Dh45,545), according to a study conducted by Abu Dhabi Chamber of Commerce and Industry (ADCCI). The study, which focused on economic performance for 2005-06, said that the UAE trade surplus for 2005 rose to Dh145 billion and oil and non-oil exports of the country surged by 79.5 per cent to Dh442 billion in 2005 from Dh330.8 ...  >>MORE

Dubai's GDP estimated to reach Dh136 billion

Posted on 02/01/2006

Dubai's economy grew around 16 percent in 2005 and is estimated to reach Dh136 billion according to a statement from the Dubai Department of Economic Development (DED). This rate of growth is expected to beat that of China, acknowledged to be one of the fastest growing economies in the world today with a growth rate of 8.5 percent. Emphasizing that 2005 had witnessed a consolidation of Dubai's meteoric growth, Mohamed Ali Alabbar, Director General, Department of Economic Development (DED), ...  >>MORE

Dubai’s GDP may touch Dh175b in ‘09

Posted on 19/09/2005

Dubai's GDP is projected to grow 12.78 per cent to Dh174.6 billion by 2009, up from Dh110.7 billion last year, according to a study conducted by the Dubai Municipality. "Dubai's GDP is expected to reach Dh174.6 billion in 2009, according to realistic projections that take into account the emirate's actual GDP growth over the period from 1995 to 2004,” said Dr Zainal Abideen Wafaee, statistics expert at the Dubai Municipality in his paper presented yesterday on the second day of the Third ...  >>MORE

13.3% increase in Dubai's real GDP in 2004

Posted on 07/09/2005

The UAE economy in general and Dubai in particular proved to be relatively less dependent on oil sector when compared to other GCC countries. In 2004, oil represented 32.5% of the UAE real GDP, compared to only 6.1% of Dubai real GDP which was around 8% in 2001. Table 1 shows that Dubai total real GDP stood at Dh111 billion in 2004 compared to Dh98 billion in 2003, recording a growth of 13.3%. Dubai's economic performance is outstanding, as the Emirate has achieved higher increase over all ...  >>MORE

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Quick List

Investments into Abu Dhabi set to reach Dh1 trillion


UAE's nominal GDP to surge 24.5pc in 2008


Abu Dhabi GDP projected to hit US$300 billion by 2025: DPE weekly report


Ajman GDP surges 27% to hit Dh10bn


UAE's CPI expected 8% by end-2009


Dubai set to sustain 11pc GDP growth


RAK GDP grows by more than 50 % over the last four years.


UAE's non-oil GDP to exceed 70%


Emirates GDP up 16.48%


IMF sees 7.7% growth in UAE’s GDP


UAE's GDP records 23.4% rise in 2006 to Dh599.2b


UAE revises 2006 GDP growth to 9.4%


UAE's GDP to surge to Dh584b in 2010: report


UAE's GDP predicted to reach Dh697b in 2007


UAE GDP in 2007 expected to touch Dh689 billion


UAE's GDP surges ahead


Abu Dhabi GDP likely to touch Dh584b by '10


Nominal UAE GDP rises 23% to Dh599b


Tourism contributes 18% to Dubai's GDP per year


Sharjah GDP climbs an impressive 19%


Abu Dhabi GDP to touch Dh584b


Abu Dhabi GDP may hit Dh367bn in 2006


Sheikha Lubna predicts 23 percent GDP growth in 06


Abu Dhabi and Dubai lead in contributions to GDP


Abu Dhabi's GDP likely to grow 13.25% this year


RAK GDP rises 18% to Dh9.25b


UAE GDP will grow by 23% this year: Economy Minister


UAE's GDP to grow 24 per cent


Dubai's GDP records 27% growth in '05


Ras al-Khaimah makes quantum leap, touches Dh9.2billion


Abu Dhabi GDP grows to Dh302b


Gross domestic product rises to Dh485 billion


UAE's real GDP grew 8.5% last year


UAE's GDP rises 26.4 pc in 2005: official report


Sharjah's GNP touches Dh124 billion


UAE GDP seen at Dh559.3b in 2006


UAE’s GDP set to touch US$139.4bn in two years


Capital ranks No 1


Dubai's GDP estimated to reach Dh136 billion


Dubai’s GDP may touch Dh175b in ‘09


13.3% increase in Dubai's real GDP in 2004