Madaxweynaha Jamhuuriyadda Federaalka Soomaaliya, Mudane Xasan Sheekh Maxamuud, ayaa xarunta madaxtooyada ku qaabilay wefdi heer sare ah oo ka socday dowladda Boqortooyada Midowday ee Britain. Wefdigan waxaa hoggaaminaysay Wasiiru-dawlaha horumarinta iyo arrimaha Afrika ee UK, Jenny Chapman, iyadoo ujeedka kulankoodu ahaa mid salka ku haya xoojinta xiriirka faca weyn ee ka dhexeeya labada dal iyo sidii kor loogu qaadi lahaa iskaashiga dhinacyada badan leh ee ka socda guud ahaan gobolka Geeska Afrika. Taageerada Britain ee Xasiloonida iyo Horumarka Soomaaliya Intii uu kulanku socday, Jenny Chapman waxay si cad u xaqiijisay in dowladda Britain ay ka go’an tahay inay garab istaagto madaxtooyada Soomaaliya iyo qorshayaasha lagu xasilinayo dalka. Britain ayaa u aragta in Soomaaliya oo nabad ah ay tahay laf-dhabarta amniga ee qaaradda Afrika iyo marinada muhiimka ah ee badda, waxayna wasiiradu xustay in horumarka laga gaaray dhinaca dowlad dhiska iyo la dagaallanka argagixisada uu yahay...
The Motives Behind UAE's Expansion
During the BMI Emerging Markets Key Themes 2024 webinar, John Ashbourne, Global Economist for Emerging Markets, underlined several main elements driving this expected increase:
Diversification of Economics:
The UAE has been assiduously trying to cut its dependence on oil by entering other industries including technology, finance, and tourism.
By means of this diversification approach, the UAE has positioned itself as a strong and flexible economy able to withstand changes in world economy.
Boom in tourism:
With its world-class infrastructure, cultural sites, and luxury products, the UAE's tourism industry continues to be a major driver of development with millions of people every.
Particularly Dubai has strengthened its status as a worldwide travel destination, which helps significantly to boost the national GDP.
Relations of Strategic Trade:
Using its diplomatic initiatives and geographical proximity, the UAE has developed close trading relationships with Iran among other neighbors.
These trade ties have given a consistent flow of commodities and services as well as supported economic stability.
Variations in the Oil Market
By 2024 and 2025, oil prices are expected to settle at $82 to 84 per barrel. Still, the scene of world oil demand is changing:
Developed Markets: Demand is predicted to peak by 2025 or 2026 then to steadily drop.
Global Outlook: Thanks in large part to the fast acceptance of electric vehicles (EVs) and other sustainable technologies, especially in China, a worldwide drop in oil consumption is expected to start in 2034 or 2035.
A View at China's Economic Path
Comparatively to the UAE's bright future, China has a more muted economic one:
Achieving pre-pandemic growth levels looks difficult without significant fiscal stimulus or the development of a new thriving industry. Though the EV industry is making great progress, by 2033 growth is predicted to slow down to barely under 3%.
High debt levels in China limit its capacity to carry out bold fiscal initiatives, therefore reducing expected rates of development.
The expected economic boom of the United Arab Emirates is evidence of its strategic foresight and aggressive policies in economic diversification and regional trade enhancement. As the nation keeps innovating and widening its economic horizons, it becomes a shining example of Middle Eastern resilience and development.
Supported by solid economic foundations and a forward-looking mindset, the UAE presents a convincing scene of prospects for companies and investors. The UAE's strong development path is a positive model of strategic adaptation and continuous improvement while the world economy negotiates challenging times.
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