Tag: OPEC

VIENNA: The Organisation of the Petroleum Exporting Countries (OPEC) has reported that the UAE’s economy continues to grow strongly, especially in non-oil sectors like real estate, tourism, and manufacturing. In the August 2024 Monthly Oil Market Report (MOMR), OPEC highlighted a slight rise in the costs of housing, water, electricity, gas, and other fuels. These […]

Vienna: In its latest update, the Organisation of the Petroleum Exporting Countries (OPEC) highlighted the sustained expansion of the United Arab Emirates (UAE) non-oil sectors, attributing this growth to robust government backing and resilient demand. According to OPEC’s May report, the UAE witnessed a notable year-on-year surge of 7.3 percent in the non-oil Gross Domestic […]