Dubai’s economy will grow by 2.4 per cent this year.
That's according to the latest S&P Global Ratings, which found that increased economic activity connected to Expo 2020 Dubai will drive the growth.
The US-based financial information and analytics company also revealed that the boost will mainly come from the construction and real estate sectors.
S&P said that trade and transportation will lead the emirate's economy after Expo 2020 Dubai is over.
H.H. Sheikh Hamdan meets with X CEO
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, met with the CEO of X, formerly known as Twitter, Linda Yccarino, to discuss the UAE’s strategic direction in digital transformation.
Etihad's nine-month profit surges 66%
Etihad Airways has reported a strong performance for the first nine months of 2024, posting a profit after tax of AED 1.4 billion, a 66% increase from AED 814 million in the same period last year.
Lulu Retail starts trading on ADX following mega IPO
Lulu Retail Holdings PLC, commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thursday following its Initial Public Offering and trading under the ticker 'LULU'.
Russia and Iran link banking systems to evade sanctions
Iranian bank cards can now be used in Russia, after the two countries linked their banking systems to evade sanction, state broadcaster IRINN reported.
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