World Bank predicts economy growth of 2.1% for UAE

For the United Arab Emirates, the World Bank has predicted a growth of 2.1% for the national economy.

For the United Arab Emirates, the World Bank has predicted a growth of 2.1% for the national economy. The information was shared by the Vice President and Prime Minister of the United Arab Emirates, its Minister of Defence, as well as the Ruler of the Emirate of Dubai – Sheikh Mohammed bin Rashid Al Maktoum. 

Sheikh Mohammed bin Rashid tweeted, “The Statistics Center finished calculating the gross domestic product of the UAE in 2021. The expectations of the World Bank predicted a growth of 2.1% for our national economy, and we achieved 3.8% growth in 2021 (higher than the growth of 2019) and the highest growth in the region. At current prices, the output was one trillion and 489 billion dirhams.” 


In a turbulent, changing world, the United Arab Emirates has not stopped moving steadily forward; our economy is on the rise, our path is accelerating, our competitiveness is moving up, and our future is going to be good, God willing, and we give good news to our people that the future is better.”   

Meanwhile, the Middle East country is managing quite well to overcome the impacts of the deadliest COVID-19 viral disease, in which the mega event of Dubai EXPO 2020 assisted a lot, witnessing nearly 24 million visitors, bolstering the tourism of the Middle East country. 

The authorities earlier predicted and set a goal to witness the arrival of nearly 25 million visitors to Dubai EXPO 2020 and able to achieve the closest margin in the time frame of 6 months. 

Tariq Saeed


Please enter your comment!
Please enter your name here

Read More

Political emergence led by youth federation in Gilgit-Baltistan gives hope :REPORTS

Pakistan: On Sunday, January 8th, a flag unveiling ceremony of the National Students Federation, National Women Front and National Workers Front Gilgit-Baltistan (Sindh Zone), along with the swearing-in ceremony of the newly elected cabinet, was held in Karachi.

World Federation of Hospitals Conference awarded winners from scientific poster-holders participating

His Excellency Awad Al-Kutabi, Director General of Dubai Health, and His Excellency Fernando Vijirenhas, Ambassador of the Republic of Portugal in the UAE, handed over the banner to host the 46th session of the "International Federation of Hospitals 2023" conference, which will be organized in Lisbon.

UAE Reshapes the Road: Third Consecutive Monthly Drop in Petrol Prices for January 2024

The Fuel Price Committee's decision to slash petrol prices by 14 fils, or 4.8 per cent, per litre for the upcoming month reflects a commitment to providing relief to consumers


UAE celebrates Pinktober by offering free scanning to fight against Breast cancer

The world is celebrating Pinktober; due to ongoing world breast cancer awareness month, People living across UAE can head to several venues for free breast cancer screenings.

Jordanian female stabbed to death in UAE’s Sharjah over personal disputes

A young lady was stabbed to death in United Arab Emirates's Sharjah. She has been identified as Lubna Mansour and was an engineering graduate from Jordan.

UAE: Abu Dhabi Police participates in 32nd Abu Dhabi International Book Fair 2023

The Abu Dhabi Police General Command has participated in the opening activities of the 32nd session of the Abu Dhabi International Book Fair 2023, which is scheduled to be held at the Abu Dhabi National Exhibition Centre from 22nd to 28th May.