Latest Press Releases
Welcome to the Public Debt Management Office ('DMO') Media Center where you can find the latest news.
Dubai's GDP tops AED 115 billion in first quarter of 2024, with its economy growing 3.2% compared to same period in 2023
Key takeaways:
- Dubai's economy grew by 3.2% in the first quarter of 2024, with significant contributions from transportation and storage (5.6% growth), financial and insurance activities (5.6% growth), and wholesale and retail trade (3% growth).
- This growth is attributed to the strategic implementation of Dubai’s Economic Agenda 2033 (D33) and the vision of the Ruler of Dubai, focusing on quality of life, economic growth, and investment attractiveness.
- The robust performance results from public-private sector collaboration, selective investment attraction, economic diversification, and digital transformation initiatives.
Dubai International Airport (DXB) Records its Busiest Quarter in History
Dubai International (DXB) made a stellar start to the year by recording its busiest quarter in history, affirming its role as a global aviation hub and a key driver of Dubai’s economy and Middle East’s aviation sector.
Emirates Group Announces 2023-24 Results
The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its high-quality products and services.
Dubai Maintains Tourism Growth Momentum with 5.18 million. International Overnight Visitors in First Quarter of 2024
Dubai welcomed 5.18 million international overnight visitors from January to March 2024, an 11% rise over the 4.67 million tourist arrivals during the same period in 2023.