Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Abu Dhabi non-oil GDP grows by 4.1 percent in 2021: Statistics Centre

Non-oil activities contribute 49.7 percent of the GDP at constant prices in 2021. (WAM)
  • In 2020, a significant decline in oil prices had caused the emirate’s real GDP to fall by 7.7 percent, oil-GDP by 3.9 percent and non-oil GDP by 11.5 percent.
  • In 2021, agriculture, forestry, and fishing expanded by 23.1 percent while the manufacturing activity expanded by 21.7 percent,

Abu Dhabi’s non-oil GDP at constant prices grew by 4.1 percent in 2021, according to Statistics Centre-Abu Dhabi.

The emirate’s GDP at constant prices grew by 1.9 percent in 2021 compared to the previous year, SCAD said, adding both oil and non-oil sectors witnessed growth.

In 2020, a significant decline in oil prices had caused the emirate’s real GDP to fall by 7.7 percent, oil-GDP by 3.9 percent and non-oil GDP by 11.5 percent.

In 2021, agriculture, forestry, and fishing expanded by 23.1 percent while the manufacturing activity expanded by 21.7 percent, health and social service activities by 19.7 percent, arts, entertainment and recreation by 17.3 percent, wholesale and retail trade by 15.3 percent, accommodation and food service activities by 14.7 percent, transportation and storage by 7 percent, and electricity, gas, water supply and waste management activities by 6.9 percent.

According to the data released by SCAD, the mining and quarrying activity (includes crude oil and natural gas) contributes approximately 50.3 percent of Abu Dhabi’s real GDP in 2021.

On the other hand, the non-oil activities contribute 49.7 percent of the GDP at constant prices in 2021.

Mohamed Ali Al Shorafa, the Chairman of Abu Dhabi Department of Economic Development (ADDED), said: “The Emirate of Abu Dhabi has managed to overcome the consequences of this extraordinary global situation, thanks to the prudent economic and investment policies set by our wise leadership, including several stimulus initiatives for business and household sectors.”