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Emirates NBD has recently revised its 2024 forecast for the UAE’s non-oil growth to 5 percent from the previous estimate of 4.5 percent, thereby raising the headline gross domestic product (GDP) growth to 3.7 percent from 3.3 percent. In its latest research report, Emirates NBD also predicts stagnant growth in the oil and gas sector this year due to ongoing production constraints imposed by OPEC+ cuts.

Dubai Civil Aviation Authority (DCAA) plans to attract investments from global aviation companies at the upcoming ‘Airport Show’ in Dubai to further boost the industry’s growth in the region, according to its top official.