Even at a slower pace, inflation ended 2024 with a rise of 45.24%. A year earlier, prices had risen by over 200%.
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The International Monetary Fund (IMF) reports that the country has adopted economic measures that foster growth beyond the oil sector.
Projection is included in the budget approved by the Senate. Exports and imports are also expected to grow this year compared to 2024.
A survey by UNCTAD indicates that investment flows reached USD 1.4 trillion last year, with a decline in volumes directed to Brazil and an increase to Egypt.
The company resumed commercial flights in December of last year. Cargo is transported on passenger aircraft.
House price increases in the fourth quarter of 2024 was 3.1%. Overall, the expansion was 3.6%. In capital Riyadh the average price rose by 10.2%.
Data from the trade balance in the sector shows a surplus equivalent to USD 435 million.
The agreement includes investments in artificial intelligence, training, emergency response, and automation. Edge Group is headquartered in Abu Dhabi and operates in the defense industry in Brazil. Ambipar specializes in environmental management.
The company signed an agreement for land reservation with the Royal Commission for Jubail and Yanbu. The project aims to establish a mega hub in the industrial city of Ras Al Khair.
Estimates from the National Bank of Kuwait indicate expansion of the country’s non-oil GDP.
In the full year tally for last year, the United Arab Emirates was the primary Arab destination of Brazilian shoes, followed by Libya and Lebanon. Iraq and Qatar were the only countries to increase their purchases.
Price increases slowed down in the final months of the year, according to data from the National Institute of Statistics.
The real estate market in the emirate saw 180,900 transactions in 2024, a historic number that generated USD 142.1 billion. The luxury market and strong demand for rentals are highlights.
The unemployment rate decreased to 6.1% at the end of November, the lowest percentage in the historical series of the survey. This means that 510,000 people left unemployment in the country.
