The United Nations Secretary-General's Special Envoy for Financing for Sustainable Development, Dr. Mahmoud Mohieldin, stated that the growth of the UAE economy, according to various indicators and reports, is expected to exceed regional and global rates by the end of the current year, with rates ranging between 4.7% and 4.9%, which surpasses the global average of 3.1% to 3.2%. He told 'Emirates Today' on the sidelines of the 'ICA 48' international conference and exhibition, held in Dubai from November 13 to 15, focusing on financial technology solutions, digital transformation, and applications of artificial intelligence in risk management, digital infrastructure, and data analytics in the financial sector, that the economic growth in the UAE, which is poised to continue at significant rates, is supported by significant economic diversification through non-oil sectors, the most prominent of which are technology, digital transformation, real estate, tourism, services, and commercial sectors.
In detail, Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, Honorary President of the Association of UAE Traders in Financial Markets, said that 'the Dubai government adopts an advanced economic vision to empower financial institutions and individuals in the financial sector, enhance the business environment, and develop a legislative and infrastructure capable of attracting innovation and investment in various financial services.' He explained that 'hosting the conference and exhibition 'ICA' for its 48th edition reflects and consolidates the UAE's status as a global center for financial markets and fintech, and the event brings together about 575 experts from 40 countries,' adding that holding this event in Dubai embodies the confidence of the international financial community in the emirate as a pivotal hub linking the East and West.
In turn, the United Nations Secretary-General's Special Envoy for Financing for Sustainable Development, Dr. Mahmoud Mohieldin, said that 'the UAE economy is on track to achieve growth rates exceeding regional and global averages by the end of the current year, according to economic indicators and various studies and reports,' noting that 'the UAE is expected to record growth rates ranging between 4.7% and 4.9% by the end of the current year, which surpasses the global average of 3.1% to 3.2%.' He added that 'the positive and increasing growth achieved by the UAE is supported by the development and growth of economic diversification policies through non-oil sectors, the most prominent of which are technology, digital transformation or the knowledge economy, in addition to the remarkable activity in the growth of real estate, tourism, and services sectors in general, and the commercial sectors.'
Mohieldin pointed out that 'the UAE economy will continue its positive growth in 2026, according to economic indicators, with rates that may exceed 5%, supported by economic stability, increased government spending, and rising investment in non-oil sectors across the country's emirates, which enhances the attractiveness of the investment environment and the confidence of foreign capital.'
Mohieldin stated that 'there are some challenges facing the global economy amidst slowing growth, interest rate fluctuations, and the impacts of climate change,' indicating that 'directing more capital towards sustainable infrastructure and low-carbon projects has become a strategic necessity.' He clarified that 'strong financial centers, with Dubai at the forefront, are well-positioned to play a pivotal role in mobilizing long-term financing through innovative financial instruments and broader public-private partnerships, with the importance of aligning the sustainable financing agenda with financial market development plans to create new investment opportunities, support stable emerging economies, and improve resource allocation efficiency.'
In turn, the Chairman of the Association of UAE Traders in Financial Markets, Mohammed Al Hashemi, said that 'this year's conference is the largest in the Association's history in terms of attendance and the quality of participants, reflecting the growing confidence in the UAE's financial and regulatory environment,' noting that 'the Association operates under an ambitious vision to develop and promote responsible trading practices and expand cooperation networks between regional and international banks and financial institutions.'
In turn, Chairman of the World 'ICA' Organization, Abdullah Dawood, explained that holding the 48th session in Dubai coincides with a pivotal phase of market transformation, emphasizing the organization's role in unifying professional standards and enhancing training and qualification programs on trading systems worldwide.
