Blog Articles

UAE Economy Reaches AED 1.9 Trillion as Non-Oil Growth Accelerates

The UAE economy continued its strong upward momentum in 2025, with real Gross Domestic Product (GDP) expanding by 6.2% to reach AED 1.9 trillion. The latest figures highlight the country’s ongoing success in building a diversified and resilient economy that is less dependent on oil revenues. A major contributor to

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UAE Reshapes Global Energy Strategy with Exit from OPEC and OPEC+

In a landmark move that is expected to reshape regional and global energy dynamics, the United Arab Emirates has officially announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective May 1, 2026. The decision marks the end of nearly six decades

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HSBC Reaffirms Confidence in GCC

Dubai: HSBC remains confident in the long-term prospects of Gulf economies despite escalating conflict across the Middle East, Group Chief Executive Georges Elhedery said in a statement to Gulf News on Monday. “Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence

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