EU condemns Houthi militias' attack on commercial ship flying Dutch flag in Gulf of Aden
The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.
Israeli Aggression in Gaza leaves 66,005 People Martyred and 168,162 Others Injured
The Israeli occupation's assault on Gaza since October 7, 2023 has claimed a devastating toll of 66,005 lives and 168,162 injuries.
Oil rises from its lowest level in 16 weeks
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.
Paris Saint-Germain beat Barcelona 2-1 in the Champions League
Paris Saint-Germain beat Barcelona 2-1 in the second round of the Champions League for the league stage.
User Name: Password:
Emirati economy grows 5.3 percent in non-oil businesses
[07/09/2025 11:55]
ABU DHABI-SABA
The real GDP of the United Arab Emirates (UAE) recorded a growth of 3.9 percent, reaching 455 billion dirhams in the first quarter of 2025, compared to the same period in 2024.

The non-oil GDP achieved a growth of 5.3 percent, amounting to 352 billion dirhams, while oil businesses contributed 22.7 percent in the first quarter of 2025.

The Minister of Economy and Tourism Abdullah al Mari told the Emirates News Agency (WAM) that the initial estimates issued by the Federal Competitiveness and Statistics Center about the economic performance in the country during the first quarter of 2025 confirm the robustness and resilience of the national economy and its ability to continue its extraordinary growth trajectory.

He noted that the contribution of non-oil economic activities to real GDP has reached a new record level, as it stood at 77.3 percent for the first time in the nation's history, reflecting the momentum of economic diversification that the UAE enjoys.

It also confirms the effectiveness of national policies and strategies aimed at building an economic model based on knowledge and innovation, in line with the objectives of the (We are the UAE 2031) vision, which aims to raise the country's GDP to 3 trillion dirhams by the next decade, the Minister noted.

Manufacturing activities outperformed other economic activities in terms of growth rate during the first quarter of this year compared to the same period last year, witnessing a growth of 7.7 percent, followed by the finance and insurance sectors and the construction and building sector, which achieved a growth of 7.0 percent. Meanwhile, real estate activities grew 6.6 percent, and trade activities grew by 3.0 percent.

The trade sector ranked first with a contribution rate of 15.6%, followed by the finance and insurance sector in second place with a contribution of 14.6%, then the manufacturing industries at 13.4%.

The contribution of the construction sector was 12.0%, and the real estate activities contributed 7.4%.


Oil rises from its lowest level in 16 weeks
Total of Korean companies grows in 2024 despite industrial companies decline
IMF reduces its global growth forecast to 2.8 percent in 2025
Gold rises as investors assess statements of U.S. Federal Reserve Chairman
Exports, imports decrease in Iraq in Q2 of 2025
Bank of Japan keeps interest rates unchanged
Austrian central bank expects 0.3 percent growth in 2025
Emirati economy grows 5.3 percent in non-oil businesses
Oil declines but stabilizes near its highest in a month
WB grants a $100 million to Madagascar

About Saba News Agency | Usage Agreement | Contact Us