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«Witnesses of the era»

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Иконка с часами 23 minutes 26 sec.
Indian Ambassador to Russia Vinay Kumar: "BRICS cooperation model meets socio-economic development needs of the Global South"
Иконка с часами 22 minutes 41 sec.
Ambassador Extraordinary and Plenipotentiary of Ethiopia to Russia, Genet Teshome Jirru: "BRICS is very important for us"
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Political scientist Richard Sakwa: "BRICS is the foundation of more mature international politics"
29.01.2511:11 Culture
Russia to release jubilee cycle about world-famous international authors of "Za Rubezhom" publication
28.01.2510:56 Culture
Young artists from BRICS countries to come to Moscow for training in 2025
27.01.2512:06 Culture
TV BRICS premieres film about gold mining in Urals to industry professionals in Ekaterinburg
United Arab Emirates
05.01.25 15:35
Economics

Analysts predict UAE's economic resilience to remain strong in 2025

The country's inflation rate fell to 2.4 per cent, the lowest since August 2023


The UAE economy will remain highly resilient in 2025 thanks to robust consumer spending, record foreign direct investment and successful diversification efforts. This is according to a report by a major international financial markets trading platform, as reported by Arab News.

Economic growth also ensures the state's position as a global trade hub connecting Europe, Africa and Asia and the country's status as one of the leading destinations for property investment. In addition, the UAE is steadily reducing inflation. In October 2024, for example, it stood at 2.4 per cent year-on-year, the lowest since August 2023.

The record number of housing transactions in the same month – more than 19.3 thousand – demonstrates the growth of the property market in the country. This brings the total number of transactions for the year to 140,000, up 36 per cent from 2023.

However, non-oil sectors of the economy, which include tourism, trade and technology, are expected to continue to drive the UAE's economic growth. By 2033, the country's authorities aim to increase foreign trade to 25.6 trillion dirhams (US$$6.97 trillion).

It was also noted Dubai's growing role as a global innovation centre. According to the source, the artificial intelligence and sustainable development strategy for the period until 2030 will strengthen the emirate's leadership in technological advancement and contribute to the UAE's further economic growth.

Photo: iStock


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