Economy Articles & Analysis

Chapter | Economy from The Report: Dubai 2018

Dubai’s economy is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment. Despite producing little oil, growth has been affected in recent years by the knock-on effects of the fall in international oil prices and a consequent slowdown in neighbouring hydrocarbons-dependent territories. However, this has benefitted other sectors, such as transport, tourism and other indirectly related activities. A moderate oil price recovery in 2016, plans to step up infrastructure investment ahead of Expo 2020 and further diversification of the economy by boosting manufacturing output mean the emir- ate has one of the most dynamic short- and medium-term growth prospects in the region. This chapter contains interviews with Hamad Buamim, President and CEO, Dubai Chamber; Abdul Latif Al Zayani, Secretary-General, GCC; Liam Fox, UK Secretary of State for International Trade; and Raja Easa Al Gurg, President, Dubai Business Women Council, and Managing Director, Al Gurg Group.
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What potential is there to diversify the UAE’s energy mix?

After achieving a foreign trade surplus last year on the back of strong demand for minerals and agricultural products, Indonesia is looking to sustain growth by building ties with new markets, as well as deepening relationships with existing partners.

You stated your view that Brexit proves ASEAN’s gradual integration approach is right. What tangible goals can be achieved in the short run?

How can supply chain procedures be further optimised in Morocco?


Cabinet Affairs & Future 04 396 7555 Culture, Youth & Community Development 800 552255 Defence 04 353 2222 Economy 04 314 1555 Education 800 5115 Energy 800 5115 Environment & Water 02 449 5100 Finance 04 393 9000 Foreign Affairs 04 404 0000 Health 04 230 1000 Higher Education & Scientific Research 02 642 8000 Interior 800 5000...


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.