Orchestra 
DIGITAL WORLD
BRICS+ Media Centre 
MODERN RUSSIAN 
Emirati economy could grow by five per cent, according to a forecast
The United Arab Emirates (UAE) economy could grow by five per cent in 2024, up from the 3.4 per cent achieved last year.
The Arab country's Finance Minister Abdulla bin Touq Al Marri told the third annual Investopia conference that this forecast comes at a time when more than 70 per cent of the national economy is now oil-free.
"This achievement reflects the confidence of the private sector and investors around the world in the UAE's investment climate," a government official said.
The state has identified 16 flexible and sustainable economic sectors for its development, including health technology, agriculture, education, financial services, artificial intelligence and others. This is reported by Prensa Latina, a partner of TV BRICS.
Emirati officials have repeatedly stated in various forums that the national economy is growing rapidly due to the implementation of innovative initiatives, policies and strategies.
Photo: IStock
-
![]()
Economy06.08.26Chinese investment in Egypt surpasses US$10 billion as economic partnership expands -
![]()
Economy06.08.26India and Russia aim to expand bilateral trade to US$100 billion by 2030 -
![]()
Economy06.08.26Ethiopia expands electric mobility strategy to cut fuel imports and modernise transport -
![]()
Economy06.08.26Indonesia and Saudi Arabia launch new investment partnership to expand foreign direct investment -
![]()
Economy05.08.26China-Africa trade hits record high as zero-tariff policy boosts African exports -
![]()
Economy05.08.26Ethiopia moves to turn millions of smallholder farmers into agribusiness owners
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
