UAE: Dubai Economy

Chapter | Table of Contents from The Report: Dubai 2020

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Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.

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Subdued domestic and external demand combined with regional tensions created a challenging economic environment for Dubai in 2019.


FIRST CENTRAL HOTEL SUITES PO Box 9970 Barsha Heights Dubai, UAE T: (971) 4 454 4900 F: (971) 4 454 4901 Rooms: 524 rooms, including 179 classic one-bed rooms, 13 classic two-bed rooms, 199 classic studios, 13 two-bed studios, 40 twin studios, 48 executive studios, 24 executive one-bed...


MINISTRIES Cabinet Affairs & Future 04 330 4433 Culture & Knowledge Development 800 552255 Defence 04 353 2222 Economy 04 314 1555 Education 800 5115 Energy 04 292 9555 Environment & Water 04 333 1329 Finance 04 393 9000 Foreign Affairs 800 44444 Health 04 230 1000 Higher Education & Scientific Research 02 642 8000...


LANGUAGE: Arabic is the official language, although English is the most widely spoken language in Dubai. Public signs are often in both Arabic and English. Other languages in common use include Hindi, Urdu, Tagalog, Persian, Chinese, French and Russian.


Dubai has made headway despite some challenging economic conditions over recent years. Although political tensions in the region, the 2007-08 global financial crisis and the decline in oil prices from late 2014 have put downwards pressure on the emirate’s economic expansion, a range of new policies and the stimulus of Expo 2020 have eased this...


Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volumes grew by 3% in 2018 and are expected to decline slightly to 2.6% in 2019 before rebounding to 3% in 2020. This may be the first time since the 2007-08 global financial crisis...

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