Dubai's GDP up 3.3% in Q2, 2024

WAM

Dubai's GDP rose 3.3% in Q2 2024, to reach AED116 billion, and 3.2% in H1 2024, to touch AED231 billion, according to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister of the UAE, Minister of Defence, and Chairman of the Executive Council.

In a post on social media platform X, he wrote "Driven by Sheikh Mohammed's visionary leadership, Dubai has become a global model for sustainable growth and a leading economic hub. 

"We thank all teams and partners for their exceptional contributions to achieving the D33 Agenda’s goal of establishing Dubai as one of the world’s top three urban economies."

More from Business

  • Mubadala, France's Safran to drive aerospace growth in UAE

    Mubadala Investment Company and Safran, a French multinational aerospace and defence corporation, have joined forces to accelerate aerospace innovation and development within the UAE.

  • Indian billionaire Adani charged in US with bribery

    Gautam Adani, the billionaire chairperson of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a $265 million bribery scheme, according to US prosecutors.

  • Bitcoin hits record high

    Bitcoin reached a historic high of over $97,000 on Thursday, driven by expectations that US President-elect Donald Trump will introduce pro-cryptocurrency measures.

  • Dubai International Chamber marks 117% increase in MNCs

    Dubai International Chamber attracted 157 companies in the first nine months of the year, marking a 68.8 per cent increase compared to the same period last year, including a 117 per cent increase in multinational companies (MNCs) YoY. 

  • Air Expo Abu Dhabi 2024 gathers industry leaders

    The Minister of Tolerance and Coexistence, H.E. Sheikh Nahyan bin Mubarak Al Nahyan, inaugurated Air Expo Abu Dhabi 2024 on Tuesday as top industry CEOs and distinguished guests gathered for the event.