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  -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

United Arab Emirates Industry Chart


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

United Arab Emirates Facts

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

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form