Industry in United Arab Emirates

United Arab Emirates Industry | Economic News & Forecasts

United Arab Emirates - Industry

The economy likely accelerated in the third quarter, chiefly thanks to a combination of higher oil prices and rising output, coupled with a steady expansion in the non-oil economy. Though a recent plunge in prices might weigh on oil revenues in Q4, non-oil activity should remain robust as reflected by a broadly stable PMI and record-high business confidence in October. Overall, the country’s economic prospects appear bright over the next quarters, mainly buttressed by a flurry of business-friendly reforms which are poised to further entice foreign capital. On 30 October, the government enacted its long-awaited landmark investment reform, authorizing complete foreign ownership of firms in select sectors—though the full list of said sectors will only be finalized in Q1 2019—and introducing an investor dispute resolution mechanism.

United Arab Emirates - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.6  0.9  6.8  4.3  -     

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United Arab Emirates Industry Chart

UAE Industry
Note: Annual variation of industrial production in %.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Exchange Rate3.670.0 %Nov 29
Stock Market0.30.75 %Nov 29

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