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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Real estate, e-commerce to push UAE growth

By Hilal Mir
March 12, 2023 10:59 pm
  • The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
  • The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.

Dubai, UAE — The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown, with the first half of 2022 witnessing unprecedented growth of nearly 8.5 percent, the country’s Minister of Economy Abdullah bin Touq Al Marri said recently on the sidelines of Investopia 2023 in Abu Dhabi.

The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term as ongoing reforms are implemented. This figure will make the Emirates the fastest growing economy in the Arabian Gulf in 2023. TRENDS takes a look at some of the most promising sectors in the UAE economy this year.

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