Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

Dubai’s economy grows 2.1% as most sectors improve

Tuesday, 11 26 2019, Category: Insurance and Reinsurance, Country: U.A.E
Dubai’s economy grew 2.1 percent year-on-year for the first half of 2019, with gross domestic product (GDP), a common measure of the total size of an economy, reaching 208.2 billion dirhams ($56.69 billion), according to official statistics published by the Dubai Statistics Centre (DSC).

The wholesale and retail sector grew 3.3 percent year-on-year and contributed 25.5 percent to the city’s GDP. External trade grew 17.7 percent to 76 billion dirhams, while the transport and storage sector grew 6.2 percent.

With tourism to Dubai on the rise, the hospitality and restaurant sector grew 2.7 percent, contributing 5.1 percent to GDP.

Manufacturing grew 0.3 percent year-on-year, contributing 9.5 percent to Dubai’s GDP, and real estate grew 2.1 percent in the same period, contributing nearly 7.4 percent to total GDP.

All copyrights reserved, Arab Reinsurance 2016 ©