Recently, the UAE Central Bank published updated ratings, in which we detected a particular trend. The growth is supported by diversification and favorable conditions of the national economy.
The report drew attention to employment growth in the private sector. In the first quarter of 2024 alone, the number of employees increased by 3.1%.
In terms of finance, the 2023 fiscal balance showed a surplus of AED 61 billion, which equates to 4.4% of GDP.
What does this tell us?
The market continues its steady growth and attracts more and more investments and entrepreneurs of various levels to the country.
Let’s continue to monitor the situation together.
Sourced from: UAE Central Bank