Latest Press Releases
Welcome to the Public Debt Management Office ('DMO') Media Center where you can find the latest news.
Dubai's GDP grows 2.8% in Q1 2023 to reach AED111.3 Billion
Dubai’s Real Gross Domestic Product (GDP) grew 2.8% year-on-year in the first quarter of the year to reach AED111.3 billion surpassing average global growth rates for Q1 2023. The surge maintains the robust momentum of growth achieved in 2022, when the emirate experienced a 4.4% expansion of the economy.
Dubai’s Economic Progress – H1 2023
Driven by HH Sheikh Mohammed’s visionary strategy to enhance sustainable economic growth and raise global competitiveness, Dubai has emerged as one of the world’s safest and most attractive cities to live, visit and work.
Investment Corporation of Dubai(‘ICD’) Announces Record Revenues of AED 267.4 Billion, up 58 percent, and a Record Net Profit
ICD announced today its consolidated financial results for the year ended 31 December 2022 having generated record Revenues of AED 267.4 Billion and a record Net Profit of AED 36.1 Billion. All business segments contributed to this remarkable achievement.
Emirates Group: Revenue of AED 119.8 billion, Increased by 81% with Strong Customer Demand Worldwide
- Group reports annual profit of AED 10.9 billion (US$ 3.0 billion), a new profit and revenue record and a significant turnaround from last year.
- Group revenue of AED 119.8 billion (US$ 32.6 billion) increased by 81% with strong customer demand worldwide with almost all travel restrictions removed.