Sukuk issuance could be usefully incorporated in the calendar of. The uaes economy slowed last year according to recently released figures from the federal competitiveness and statistics authority fcsa, in line with other countries across the middle east. The uaes dependence on oil is a significant longterm challenge, although the uae is one of the most diversified countries in the gulf cooperation council. More than 85% of the uaes economy was based on the oil exports in 2009. The reason for the uae to decide to implement the tax system in their kingdom is due to dropping oil prices around the.
United arab emirates, government of credit rating moodys. Despite extensive stimulus measures, the economy will contract in 2020, given slumping oil prices and output and the impact of the coronavirus. Hospitality restaurant and hotels was the fastest growing sector in dubai in 2015, at 8. This page provides united arab emirates gdp growth rate actual values, historical data, forecast, chart, statistics, economic calendar and news. The duration of the outbreak and its impact on global travel and trade present considerable downside risk to the outlook. Lastly, the paper tries to single out the new business sectors for the diversification and the development of the uaes economy.
Armani hotel, dubai agenda day one tuesday, december 16th 09. A comparison of emirati and nonemirati youth in ras al khaimah 11 3 details on the measures used for all the relevant concepts, and a copy of the online questionnaire, are available from the author upon request. The property boom is largely driven by megaprojects such as the offshore palm islands and the world. The uae has been successfully diversifying its economy, particularly in dubai, but still remains heavily reliant on revenues from petroleum and natural gas, which continue to play a central role in its economy, especially in abu dhabi. The uae is poised to record an accelerated growth in 2018 to 3. You can add 2020 2021 holidays of any country and the week number to your calendar while generating it. Economic growth is expected to decelerate this year on a weaker oil sector, while the nonoil sector is also expected to contract. Lastly, the paper tries to single out the new business sectors for the diversification and the development of the.
Create printable calendar pdf create a calendar and print on a printer or send via email. Since the discovery of oil in the united arab emirates uae more than 40 years ago, the country has undergone a profound transformation to a modern state with a high standard of living. This page has economic forecasts for the united arab emirates including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the the united arab emirates economy. Gdp growth rate in the united arab emirates averaged 4. The uae has the most diversified economy in the gcc with just under a third of real gdp coming from the hydrocarbons sector. Revision from 2015, notably due to a change in the statistical treatment of. Economic diversification and a strong business environment will remain policy priorities but oil. Hydrocarbons revenues still form the bulk of abu dhabis gdp and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with abu dhabi economic vision 2030.
The year 2015 is a common year, with 365 days in total. Economic impact of sport in dubai economic impact impact impact. Dubais sporting calendar, and that of the uae as a whole, is particularly busy through the core event season octoberapril, due to summer. The local people and the immigrants that lived in uae have had enjoyed the free tax system of the kingdom for years now and now a sudden change to this system is bound to have an impact not only on the economy, but on way business has been done before and now. Euromonitor reports that the uae economy will pick up steam in 2019. While visualising this calendar please take into account that some countries often publish their data in different dates than what was previously announced because of data gathering delays or other issues. For credit ratings that are derived exclusively from an existing credit rating of a program, series, categoryclass of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moodys publishes a rating announcement on that series, categoryclass of debt or program as a whole, on the support provider or primary rated. The uae has the worlds third highest gdp per capita in purchasing power parity terms. This schedule presents a set of procedures to encourage. Holidays and observances in united arab emirates in 2015. United arab recent developments emirates monetary policy is. The governments decision to diversify from a tradebased but oilreliant economy to one that is service and tourismoriented resulted in the property boom from 20042008.
If you are looking for a calendar in pdf format then please visit our pdf calendar section, and if you want some other type of template lets say a calendar with some blank space for everyday notes or a template having three months in one page or a calendar template having an exotic look etc. Events in the uae the official portal of the uae government. We provide 2020 holiday calendar with state and national holidays for more than twentyfive countries which includes australia, brazil, canada, china, france, germany, hong kong, india, indonesia, italy, japan, malaysia, mexico, new zealand, philippines, romania, singapore, south africa. Overview of holidays and many observances in united arab emirates during the year 2015. For more than three decades, oil and global finance drove the uaes economy. The uaes per capita gdp is on par with those of leading west european nations. The opec agreement in november 2016 set a production target for the uae of 2. If you are looking for a calendar in pdf format then please visit our pdf calendar. All indicators currently confirm the stability of the uae economy and its potential to thrive even.
The uae government strategy 201120 lays the foundations to achieve the uae vision 2021. Uae holidays in 2015 it must be noted that most of the uaes national holidays and festivals are based on the sighting of the moon rather than having fixed dates in the hijri calendar. The uae s per capita gdp is on par with those of leading west european nations. It will be held from 20 october 2020 to 10 april 2021 in the dubai south district, adjacent to al maktoum international airport. Nevertheless, the uae is well on its way towards a diversified economy. Data from the united nations indicates that the population in 2020 is 9,890,400. Uae s gdp has now exceeded 1 trillion dirhams, from 11 billion dirhams in 1973, depicting a rate of economic expansion that has exceeded even that of singapore. Uae public holidays for 2015 announced by abu dhabi government. Most are islamic occasions and follow the hijri islamic calendar. Numerous luxury hotel projects and a new cultural district, the centerpiece of. United arab emirates gdp annual growth rate 20002019. The gdp has been estimated in fixed and current prices for the emirate of dubai through the results of economic and financial field surveys which included all economic and financial activities in addition to the actual data extracted from federal ministries and local departments in the emirate.
We are expecting our national economy to grow by 3% in 2015. In 200809, the confluence of falling oil prices, collapsing real estate prices, and the international banking crisis hit the uae especially hard. Beyond 2017, overall gdp growth is expected to recover to 2. Uae economic growth set to double news khaleej times. The emirates nbd dubai economy tracker index deti rose to 56. According to a report in khaleej times, international monetary fund forecasts that the gross official reserves of the uae would grow from usd 76. The country receives several thousand visitors around the year.
Middle east cities hotel forecast for 2014 and 2015 1. Oil production capacity is expected to increase and the strength of the nonoil economy will boost prospects particularly later in the forecast period as megaproject implementation ramps up ahead of dubais hosting of expo 2020 expected to draw in 25 million visitors. Economic, social, and political attitudes in the uae. Sami al qamzi, director general, dubai department of economic development.
Uae foreign trade 2004 2014 foreign investments uaes global competitiveness 2014 2015 nonoil exports of major commodities reexports of major commodities total nonoil trade of major commodities 17th in global competitiveness index wef 2015 2016 16th in enabling trade index wef 2015 31st in doing business world bank 2016. With many exciting projects in the pipeline, not least the hosting of expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business. Inventories also increased at a faster rate last month. United arab emirates economic forecasts 20202022 outlook.
Economy profile of united arab emirates doing business 2020 indicators in order of appearance in the document starting a business procedures, time, cost and paidin minimum capital to start a. Economic diversification and a strong business environment will remain policy priorities but oil will remain central to the economy. While abu dhabi and other uae emirates have remained relatively conservative in their. It forms the basis upon which the federal entities develop their strategic and operational plans, and consists of seven general principles, seven strategic priorities, and seven strategic enablers. About the uae the official portal of the uae government. This report examines the uae and some of the worlds economic giants such as the united states, the uk, the european union, china, japan and other asian countries which are experienced in terms of readiness in managing risks and global economic shifts in the future. Uae economic outlook 2015 towards a knowledge based economy date. For more information, you could also read the uae annual book 2016 pdf.
The hijri calendar is a lunar calendar with 12 months and 354 days. Uae moving towards brighter future news khaleej times. Printable calendar pdf calendars especially made for printing. Emirates palace, abu dhabi agenda day one tuesday, december 8th 09.
The list of 2015 public holidays for the uae, released on the abu dhabi government website, is subject to the moon sighting and may differ slightly from the date given. The uae is the worlds seventh largest oil producer and the production of crude oil is the most important economic activity. The headline dubai economy tracker index rose to 58. This growth was for a large extent driven by income from oil and gas resources. The uaes economy continues to slow down as a result of low oil prices and fiscal consolidation weighing on nonoil growth. United arab emirates gdp growth rate 20002019 data 2020. This page provides united arab emirates gdp growth rate actual values, historical data, forecast. Austerity measures weakened business and consumer confi. Add holidays or your own events, print using yearly, monthly, weekly and daily templates.
The economy of the united arab emirates or uae is the second largest in the middle east after saudi arabia, with a gross domestic product gdp of usd 414 billion aed 1. A possible transfer of power in abu dhabi from the current ruler, who. Jun 02, 2011 economic uae pest analysis introduction political facebook now. Printable calendar 2018 for united arab emirates pdf. Expo 2020 is forecasted to be the uaes biggest event. Today the uae is more than an economy based on oil and gas. United arab emirates june 2016 united arab emirates. The current account surplus would grow from usd 17. The uaes economy, which grew 3 per cent in 2016, is expected to record growth of around 2 per cent for 2017, according to economists polled this month by bloomberg, thanks to a drop in oil. The uae economy remains heavily dependent on oil and natural gas. Muharram is the first month of the islamic calendar and a time of remembrance or mourning.
Gdp annual growth rate in the united arab emirates averaged 3. Relief for farmers, migrant workers in rs20 trillion stimulus plan. Over the past years, the uae has witnessed sustained economic growth and made great strides in laying the foundation. Rs2t concessional credit for farmers as well as free food grains to migrant workers. The gross domestic product gdp in the united arab emirates expanded 2 percent in 2019 from the previous year. Low oil prices have prompted the uae to cut expenditures, including on some social programs, but the uae has sufficient assets in its sovereign investment funds to cover its deficits. United arab emirates economy, politics and gdp growth. Economy profile of united arab emirates doing business 2020 indicators in order of appearance in the document starting a business procedures, time, cost and paidin minimum capital to start a limited liability company. The gross domestic product in the united arab emirates expanded by 1. Economic impact of sport in dubai deloitte united states. Middle east united arab emirates the world factbook. This section provides essential information about the uaes economy, political and government system, strategies, plans and initiatives. The staff report prepared by a staff team of the imf for the executive boards consideration on a lapse of time basis, following discussions that ended on june 4, 2015 with the officials of the united arab emirates on economic developments and policies. United arab emirates gdp growth dips in 2016 as fiscal austerity bites.
United arab emirates economy, politics and gdp growth summary. The economy looks set to lose further momentum in the first half of 2020, after decelerating for two consecutive quarters in the second half of 2019. Online calendar is a place where you can create a calendar online for any country and for any month and year. United arab emirates economic calendar this page includes a list of calendar events for the united arab emirates. The uae will remain politically stable in 202024, despite regional tensions centred on iran. Real growth in the uae in 2016 was exactly in line with our forecast at 3%, and slowed from 2015. Ali majed al mansoori, chairman, abu dhabi department of economic development. For more than three decades, oil and global finance drove the uae s economy. The population of the uae has grown rapidly in recent times. Due to this, the actual dates may vary from those listed below.
In many respects 2014 marked the transition from strong recovery to promising growth for dubai. Access the latest politics analysis and economic growth summary through 2011 for united arab emirates from the economist intelligence unit. In our online calendar section, monthly calendar and yearly calendar can be generated with some very useful options. United arab emirates gdp growth rate 20002019 data. United arab emirates economy gdp, inflation, cpi and.
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