UAE GDP to grow 4.1% in 2023: World Bank official
UAE GDP to grow 4.1% in 2023: World Bank official
The UAE’s gross domestic product (GDP) is expected to grow by 4.1 per cent in 2023, a senior World Bank official said. The forecast is higher than the 3.9 per cent anticipated by the UAE Central Bank in its recent Quarterly Economic Review. Essam Abu Suleiman, World Bank Regional Director for the GCC, said in an interview to WAM: “Despite the difficult global economic conditions, our estimates suggest that the UAE economy will grow by about 4.1 per cent next year, benefiting greatly from the strong recovery of the non-oil economy.” According to him, a robust economic growth is expected to be supported by a rise in the UAE’s oil exports and a recovery in non-oil sector demand, as well as the country’s favourable business climate and well-developed infrastructure. Abu Suleiman said UAE’s revenues will also increase as oil income rises and non-oil sectors recover, resulting in a fiscal surplus of about 4.4 per cent of GDP in 2022. He also noted that the recent bilateral free-trade agreements the UAE has signed, along with the strength of oil exports, are expected to produce a current account surplus of 11.2 per cent of GDP. Earlier this month, the UAE Central Bank,
Hello , World Bank, Hello IMF, Hello UAE, Hello Saudi, Hello China, Hello USA, does this god damn Govt needs your bail out dollars? Just read this tender notice" @UN @BOLNETWORK @MoeedNj @ARYNEWSOFFICIAL @DrMahmood40 @PTIofficial @PPP_Org @pmln_org @nytimes
Chief Election Commissioner's Official Residence to be built at exhorbitant cost of Rs 100 milion.
So much confusion about $6Bn financing arrangements‼️
-$3Bn commitment received from Saudi & UAE
-$900Mn from WB+AIIB (RISE II). All conditions met
-$1.1Bn IMF tranche
-$600Mn PACE (World Bank) & other flood commitments to be fast tracked
-Commercial borrowing after IMF SLA
IMF and World Bank project India to be the fastest-growing major economy in 2023 : US Pioneer Global VC DIFCHQ Riyadh UAE-Singapore Norway Swiss Our Mind | Pioneer Global Finance Management Consulting https://pglfmc.com/latest_news/imf-and-world-bank-project-india-to-be-the-fastest-growing-major-economy-in-2023-us-pioneer-global-vc-difchq-riyadh-uae-singapore-norway-swiss-our-mind/
The UAE took part in the International Monetary and Financial Committee (IMFC) meeting, held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) from 10 to 16 April.
@MOFUAE
https://www.arnnewscentre.ae/en/news/business/uae-participates-in-imfc-meeting/
The UAE took part in the International Monetary and Financial Committee (IMFC) meeting, held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) from 10 to 16 April.
@MOFUAE
https://www.dubaieye1038.com/news/business/uae-participates-in-imfc-meeting/
World Bank...David Malpass...US...UK...Washington...DC...Turkey...Russia...Ukraine...Kuwait...Oman...Qatar...Saudi Arabia...UAE...Jeddah...Syria...Israel...Palestine...Lebanon...UN
#FrontPage today: #Saudi Arabia readies Arab talks on Syria; #UAE announces #Eid Al Fitr holidays; How world airlines are fighting mid-air brawls; Gang that
robbed #Dubai villas, bank customers arrested… For more visit: http://gulfnews.com
Only one bank from #Pakistan makes it to the list of world's best banks - @UBLDigital - But that too, its setup at #UAE
@StateBank_Pak needs to explain sorry state of affairs. Why no bank in Pakistan made it?
All failed in digital, customer services, financial advice and trust
Introducing The World's Best Banks 2023:
The 415 banks who earned a spot on our ranking were evaluated in categories such as digital services, customer services, financial advice and, of course, trust.
Full list: https://trib.al/G1Ms6wp
HE Thani bin Ahmed Al Zeyoudi: Today, as part of the IMF and World Bank spring meetings, I spoke with Atlantic Council about the UAE’s trade and economic diversification strategies
#UAE #trade
@AtlanticCouncil
@WorldBank
@IMFNews
@ThaniAlZeyoudi
Damilola Ogunbiyi: On the sidelines of the World Bank and IMF Spring Meetings, I had an engaging discussion with Dr Sultan Al Jaber, the COP28 President-Designate
#UAE #COP28 #UAEforClimate #ClimateAction
@COP28_UAE
@uaeclimateenvoy
@MoIATUAE
@IMFNews
@DamilolaSDG7
Sultan Al Jaber Meets with World Bank US-Nominee
#UAE #COP28 #UAEforClimate #ClimateAction
@COP28_UAE
@uaeclimateenvoy
@MoIATUAE
@IMFNews
@WorldBank
@Mastercard
The balance of power has shifted. Brazil, Russia, India, China, South Africa alliance plus UAE and many more on board to join them to replace SWIFT, leaving the US and the West with no leverage. https://www.reuters.com/world/americas/brics-bank-ndb-change-its-brazilian-head-governments-request-2023-03-10/
Dr Sultan made the comments during his two-day visit to Washington, D.C., where he participated in the Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).
https://www.arnnewscentre.ae/en/news/uae/cop28-president-designate-calls-for-financial-reform/
On the sidelines of the World Bank and IMF Spring Meetings, I had an engaging discussion with Dr. Sultan Al Jaber, the @COP28_UAE President-Designate where we discussed how a #cleanenergy transition can be fast-tracked and how #climate finance can be unlocked for the Global South
As per world bank forecasts, the Saudi Arabia economy is projected to grow at 3.9 %, the UAE,s at 4.6%,Qatar, s at 4.3%,kwait, s at 3.7%, and Bahrain,s economy growth will be at 4.1% percent.
UAE represented by the Ministry of Finance, announces its participation in the 2023 spring meetings of the World Bank Group and the International Monetary Fund, to be held in the US, with a delegation headed by the Minister for Financial Affairs, Muhammad bin Hadi Al Husseini.
🤝🏼👨💼 The Ministry of Finance of the UAE is attending and engaging in the international decision-making process at the 2023 Spring Meetings of the World Bank Group and IMF. Let's draw solutions that align with various countries' development plans! #MoF #WBGSpringMeetings #IMF
Blinken reiterates 'two-state solution' to Israel, Palestine conflict https://upi.com/7371681065538 via @upi
The UAE is participating in the Spring Meetings of the World Bank Group and the International Monetary Fund.
#mofuae #imfworldbankspringmeeting
#World Bank forecasts #UAE economy to grow by 3.6% in 2023
UAE joins global leaders at the 2023 World Bank-IMF Spring Meetings to address pressing issues like digitization and financial services technology. Thrilled to be part of these important conversations!
#UAE #WorldBank #IMF #SpringMeetings2023
https://www.zawya.com/en/economy/gcc/uae-participates-in-world-bank-imf-spring-meetings-rqs0ve4m
#World Bank forecasts #UAE economy to grow by 3.6% in 2023
The World Bank: From Small Loans to Big Dreams
Read More, Absorb More with Reading Kites.
.
.
.
Tags
#UPSC #GRE #GMAT #TOEFL #IELTS #CAT #IIM #English #Reading #MBA
#GameTheory #Economics #WorldBank #WorldEconomy #Africa #Asia #UAE #Europe #Finance #G20India #Banking
As we celebrate the World Health Day, Emirates Development Bank reiterates its commitment to support the UAE’s healthcare sector which is at the heart of our country’s thriving economy.
Mideast Stocks: UAE stock markets fall as World Bank lowers economic forecast