Video|13 February 2025

MENA | Dubai’s Growth: Sustainable Momentum?

MENA | Dubai’s Growth: Sustainable Momentum?


Dubai’s GDP grew by 3.1% in the first nine months of 2024, driven by critical sectors such as transport, information & communication, and financial activities. This reflects the emirate’s commitment to key development areas outlined in its D33 agenda, including technology adoption and transport expansion. The agenda aligns with the national strategy to strengthen the non-oil sector, particularly in real estate and finance. UAE non-oil growth is expected to remain strong in 2025 at 4.8%.


After two years under a caretaker cabinet, Lebanon has officially formed a new government. Governmental stability is especially critical as the ceasefire deal nears expiration, heightening geopolitical uncertainty. This also marks a key step toward economic reform, ensuring balanced party representation to prevent policy delays and support post-conflict economic recovery. We are optimistic about improvements in 2025, and see upside risks to our projected growth of 0.8%.


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