Dubai's gross domestic product grew 3.3% between January and September 2023, according to data released by state news agency WAM on Sunday.
Mohammed bin Zayed Al Nahyan, president of the UAE (L),Mohammed bin Rashid Al Maktoum, VP and ruler of Dubai © Mena Today
Dubai's gross domestic product grew 3.3% between January and September 2023, according to data released by state news agency WAM on Sunday.
Over those nine months, accommodation and food services grew 11.1%, while transportation and storage services rose by 10.9%, and the information and communications sector grew by 4.4%.
The city state, widely regarded as the trade and tourism hub of the Gulf region, launched a 10-year economic plan known as D33 in January last year, aiming to double the size of the economy and make Dubai one of the top four global financial centres within a decade.
Reporting by Pesha Magid Editing
Israel’s flag carrier grew third-quarter revenue 18% to a record $1.27 billion. But fuel costs, a stronger shekel and the return of foreign competitors are starting to weigh on its margins.
In a single trading day, Wall Street went from celebrating artificial intelligence to questioning how it is paid for. Jacques Lemoisson, head of the economic intelligence firm Gate Advisory, says the warning signs had been building for months.
Saudi Arabia issued alerts on Thursday warning of potential danger in Yanbu, the kingdom's Red Sea oil export hub, as Yemen's Iran-aligned Houthis continue attacks on the kingdom that have opened another front in the US-Israeli war on Iran.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.