Ether surged nearly 33% this week, marking its strongest rally in over three years, as easing global trade tensions and a major network upgrade boosted investor confidence in the digital asset market.
For 2024, the forecast is set even higher, with an anticipated contribution of 12% to the UAE’s GDP, equating to AED 236 billion, says Abdullah bin Touq Al Marri, Minister of Economy.
The Public Investment Fund (PIF), has made a substantial move by acquiring a 51% stake in Tawal, the largest telecommunications infrastructure company in Suadi Arabia.
AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
