Abu Dhabi ports have seen a 15.7% increase in non-oil trade during the second quarter of this year. Figures released by the emirate’s statistics centre show a surge in foreign demand for precious metals. It comes as analysts predict GCC economies to grow by 3.4% in 2015. Due to falling oil prices, countries with fewer financial buffers are witnessing problems related to low growth performance. Saudi Arabia and the UAE are less impacted, with strategies under way to promote non-oil trade.
Abu Dhabi aims for 80% local materials in housing projects
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UAE Central Bank support package reaches AED 6.2 billion
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Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
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ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
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