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DATA FOR A BETTER FUTURE
The Federal Competitiveness and Statistics Authority signs agreement with Dubai Electricity and Water Authority to support the UN World Data Forum 2018
DUBAI, 28th July, 2018 (WAM)
The Federal Competitiveness and Statistics Authority (FCSA) has signed a memorandum of understanding (MoU) with the Dubai Electricity and Water Authority (DEWA) to build a strategic relationship to support the United Nations 2018 World Data Forum, to be hosted by the United Arab Emirates in October 2018. More than 1,500 leaders, decision makers, experts and specialists in the field of data and statistics from around the world will attend the event.
The MoU was signed by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, and HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, in the presence of senior officials of both organisations.
H.E. Abdullah Nasser Lootah, FCSA Director General, said: "Energy sustainability and efficiency improvement is one of the key sustainable development goals. Underlining its visionary leadership, the UAE has adopted a long-term strategy to promote this goal, and reduce that nation’s dependence on traditional energy sources. Our nation has taken concerted initiatives to diversify energy sources and increase the contribution of clean energy to the overall mix to ensure sustainability for our future generations. The availability of accurate statistical data and information will support the development of future scientific and knowledge plans that will drive the efforts of national institutions in this field."
"The MoU signed with Dubai Electricity and Water Authority (DEWA) will integrate the efforts of national institutions to contribute international expertise and best practices in building national capacities in statistical fields. This will help provide data that serve the objectives of the national development agenda, and highlight the UAE’s leading position as one of the best countries in the world in the use of data and information to achieve sustainable development in all fields and sectors," he added.
"We are pleased to be the strategic partner of the UN World Data Forum, organised by the Federal Competitiveness and Statistics Authority. This underlines the position of the UAE as an ideal platform for hosting the biggest and most important conferences and forums, thanks to its robust infrastructure and capabilities to organise major events. The Forum will be an opportunity to discuss the growing importance of data for governments around the world and the need to develop ways for collecting and processing data to achieve the Sustainable Development Goals 2030. We are sponsoring this international forum because we believe in the important role data and statistics play in building smart cities and promoting the transformation towards a knowledge-based economy by encouraging creativity and innovation. This is achieved by utilising data to develop innovative solutions, smart applications, and value-added services. Through Digital DEWA, the digital arm of DEWA, we are redefining the concept of a utility to create a new digital future for Dubai. DEWA will disrupt the entire business of public utilities by becoming the world’s first digital utility using autonomous systems for renewable energy and its storage, expansion in Artificial Intelligence adoption, and digital services. Dubai will be the first city to provide AI-based electricity and water services. DEWA will launch a futuristic digital platform, a data hub named MORO, to improve the UAE’s digital capabilities to develop smart cities, provide state-of-the-art innovative solutions, and a successful model for Dubai and the world," said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Al Tayer appreciated the efforts of the Federal Competitiveness and Statistics Authority in preparing, managing and presenting the UAE’s bid dossier to host the UN World Data Forum 2018. He emphasised the importance of the forum’s topics, which focuses on sustainability. DEWA attaches great importance to supporting the UAE’s efforts in line with the UN’s Sustainable Development Goals 2030. DEWA is committed to adopting sustainability as a main priority for its strategic direction, plans and initiatives, to support the Dubai Clean Energy Strategy 2050, which aims to provide 7% of Dubai’s total power output from clean energy by 2020, 25% by 2030 and 75% by 2050, and the Dubai Plan 2021, which aims to make Dubai a city that is sustainable with its resources and supported by environmental elements that are clean, healthy, sustainable.
The MoU provides for DEWA to share resources and expertise to contribute to the organising this important global gathering, which examines the impact of data and its role in achieving the goals of the Sustainable Development Agenda 2030, in a way that is commensurate with the distinctive position of the UAE and its role in stimulating international cooperation to achieve development goals at global levels. The two entities will review the UAE’s leading global experience in drawing on data to shape future policies and plans in many areas, including the energy sector. They will also highlight the most prominent national projects and achievements achieved by the nation to support the global commitment to promote energy sustainability.
The two organisations will also leverage the discussions and recommendations of the forum and benefit from international expertise to build the competencies of national talent, improve their skills and develop their expertise in statistical fields to deploy them in the development of plans, visions and common policies that serve the achievement of development goals at the local level, including the objectives of the National Agenda for Vision 2021 and the UAE Plan 2071.
The MoU will leverage the activities of the global forum, which is hosted by the UAE to consolidate its position and leading role in building bridges of cooperation and establishing effective partnerships for data exchange and promoting its optimal use to achieve the goals of sustainable development 2030.
The UN World Data Forum 2018 will provide an opportunity to network with organisations, companies, institutions, universities, as well as experts, specialists, and data workers from around the world.
The forum will be attended by leaders of data, and a large number of officials from government and business sectors, who will take part in specialized discussion sessions in establishing a scientific environment to enhance the contribution of data and statistics to achieving the goals of sustainable development 2030.
Smart Dubai, FCSA enhance cooperation for UN World Data Forum 2018
- The two sides signed an MoU to showcase Smart Dubai’s world-class initiatives
- Lootah: The partnership agreement reflects our commitment to work together to support the vision of the UAE
- Al Nasser: Dubai has the most comprehensive and ambitious data initiative worldwide
Dubai, June 27, 2018
The Federal Competitiveness and Statistics Authority has signed a strategic partnership agreement with Smart Dubai, to enhance cooperation for supporting the 2nd United Nations World Data Forum 2018. The forum will be held in the UAE in October, with more than 1500 experts in the field of data and statistics from different countries of the world expected to attend.
The partnership agreement aims at uniting efforts to contribute to the success of the world’s largest data event, and to use it as a platform to review the qualitative accomplishments achieved by UAE institutions and government entities by employing modern technologies to support the development and prosperity of the community.
The agreement was signed at the headquarters of the Federal Authority for Competitiveness and Statistics in Dubai by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, along with HE Younus Al Nasser, Assistant Director General, Smart Dubai, and CEO, Dubai Data Establishment, in the presence of the accompanying delegates from both entities.
"The combination of efforts and effective cooperation among all parties will have a significant impact on the success of hosting the United Nations World Data Forum 2018, consolidating the UAE’s leading position as a global destination for world-class events," said H.E. Abdulla Nasser Lootah. “This agreement with Smart Dubai underlines our commitment to uniting efforts with various government entities to translate our wise leadership’s vision in achieving the goals of sustainable development according to data-driven plans and strategies.”
"The forum will provide a unique opportunity to utilize experiences, review best practices, exchange ideas and discuss the latest technologies related to statistical fields. This provides an ideal platform to review the achievements of Dubai in its quest to be the smartest city in the world, based on the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, by developing holistic solutions that will drive sustainable development and support the well-being of society."
H.E. Younus Al Naser said: “"Our leadership’s vision has elevated our role to a global level, and any initiative we develop has an impact on global trends. This applies to “Dubai Data”, one of the most comprehensive and ambitious initiatives in the world. Our leadership sees data as the oil for the future, which makes Dubai the perfect venue for hosting the 2018 UN World Data Forum. The forum will provide an opportunity to inform the world of what we have achieved in a record time in terms of data as a tool to empower the future, as well as the opportunity to exchange experiences and ideas with the global experts participating in the event. "
"The partnership agreement is part of our keenness to translate the national plans, including the UAE 2071 Centennial Plan, due to the strategic role that the data will play in transforming our country to be the best in the world. We will use our expertise to ensure the event’s success, which is an accomplishment to our country, complementing its pursuit of a knowledge-based economy.” H.E. added. “While the world is still exploring the future potential of data, we will showcase our achievements such as the Dubai Pulse, which is a world-first, being a future tool for building effective – and user-friendly human experience. "
The agreement stipulates the consolidation of visions and strategies, developing practical approaches aimed at building and exchanging experiences and enhancing technical capacities. It aims at achieving mutual goals, visions, policies, plans and strategic programs to develop a smart statistical system that will serve as an example for the world, and provide information and knowledge to meet the needs of both entities while supporting sustainable development plans at all levels.
- Real GDP 2017 generates 0.8% growth and 2.5% growth for non-oil sectors in 2017
- Current GDP for 2017 achieves 7.2%
Dubai, UAE – 12 June 2018
UAE to welcome over 1,500 data experts from around the world in October
Dubai, June 9, 2018
UAE First Regionally and Seventh Globally, According to IMD World Competitiveness Yearbook 20182018
Mohammad Bin Rashid: Our competitiveness journey is an accelerating one, and it only makes us more determined to reach the highest ranks
UAE is number one globally in 23 indicators including “Government Decisions” and “International Talent”
- UAE is the only country in the region to be among the top 10 in the World Competitiveness Yearbook 2018
- UAE maintained its leadership in the region and moved up three ranks from 2017’s position
- UAE moved up 21 positions in 7 years from 2011 till 2018
- Mohammad Bin Rashid: We have the determination, we have the talent, and we have the resources. Being Number One suits our nation
- Mohammad Bin Rashid: UAE’s experience is a regional one that led to a top global rank. An experience of determination and success that is open for all the Arab nations. We will continue in enhancing our business environment, our infrastructure and our resources, because we want a better life for our people and all the residents in the UAE.
Dubai, UAE – 23 May 2018
The United Arab Emirates came in first rank regionally and seventh rank globally in global competitiveness. That is according to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss based Insatiate of Management Development (IMD) that was unveiled today. According to the report, the UAE out-performed advanced economies such as Sweden, Norway and Canada and has jumped 21 ranks between the years 2011 and 2018.
According to the report, the UAE came first globally in various indicators such as “Government Decisions”, “Public-Private Partnerships”, “Employment” and “International Talent”. The UAE also came second globally in “Business Efficiency” factor, and third globally in “Diversification of Economy”, “City Management” indicators, forth in “Energy infrastructure” and “Development and Application of Technology” indicators.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President Prime Minister and Ruler of Dubai stated that the UAE’s experience is a regional one that led to a top global rank. An experience of determination and success that is open for all the Arab nations. We will continue in enhancing our business environment, our infrastructure and our resources, because we want a better life for our people and all the residents in the UAE.
His Highness added that UAE’s competitiveness journey is an accelerating one, and it only makes us more determined to reach the highest ranks, stressing that we will continue in the competitiveness race and we will not settling for anything less than being number one globally. His Highness concluded by saying” We have the determination, we have the talent, and we have the resources. Being Number One suits our nation.
Emirati Leadership
The IMD World Competitiveness Yearbook 2018 is comprised of four key factors, 20 sub factors and 340 indicators that cover all the major areas of a nations competitiveness in social, administrative, business economic topics that also include government efficiency, education and innovation. In the Economic Factor, the UAE moved from fifth globally in 2017, to third globally in 2018. It also retained its fourth global rank in the government efficiency factor.
On an indicator level, UAE held a number of advanced position in various indicators such as International Trade (1st globally), Employment (3rd globally), and International Investment (10th globally). UAE also achieved high ranks in a number of indictors such as first globally in Employment as a percentage of population, 3rd globally in Diversification of Economy, 5th globally and Export Growth and 6th globally in Youth Unemployment (lack of). The UAE also achieved number one in Quality of Air Transportation and Public-Private Partnerships. The UAE also came 2nd globally in Cyber Security, 3rd globally in Management of Cities, Maintenance and Development and 4th globally in Energy Infrastructure and Application and Development of Technology.
Government and Business Environment
In the Government Effeminacy factor, UAE maintained its 4th rank globally as well as achieved the No 1 rank globally in eight indicators, such as “Government Decisions”, “Immigration laws”, 2nd globally in “Adaptability of Government Policy” and “Lack of Bureaucracy”, 3rd in “Ease of Doing Business” and 4th globally in “Labor regulations”.
As for the Business Efficiency, UAE kept its 2nd rank globally and achieved the first rank globally in 7 of its indicators such as “Overall productivity”, “Industrial Disputes (Lack of)”, “Labor force percentage of total population”, “International Experience” and “Attitudes Towards Globalization”. UAE also came 2nd globally in “Entrepreneurship”, “Digital Transformation”, “Changing Market Conditions” and “Agility of Companies”. The UAE achieved 3rd globally in “Opportunities and Threats” and 5th globally in Use of big data and analytics.”
Commenting on this year’s performance, Her Excellency Reem bin Ibrahim Al Hashimy, Minister of State of International Corporation and Chairwoman of the Federal Competitiveness and Statistics Authority, said: “Under the guidance and direction of the UAE wise leadership, which is built on the continued and sustainable investment in human development and national talent, adoption of innovation and the non-stop development and improvement for the UAE economy; UAE has proven the effectiveness of its comprehensive developmental strategy that its government entities is implementing.”
“We wish to congratulate the UAE leadership and people for this great achievement and comment the collaborative efforts of all the local and federal government entities that worked hand in hand, in support of UAE international competitiveness and the progress it made this year,” added Her Excellency.
Malik Radwan Al Madani, Director of Competitiveness Strategy Deferment at the FCSA added that “No single entity alone can enhance competitiveness performance. It is the result of a collaborative effort between all the relevant local and federal government entities, through the commitment in the constant improvement of performance, the launch of impactful programs and initiatives that aim to extend services to businesses and individuals, thus, moving the nation’s competitiveness scale and contributing to the countries journey to become one of the best countries in the world by the year 2021.”
Global Rankings
In an analysis prepared by the Competitiveness Strategy at the FCSA showed that this year’s top 10 position was highlighted by extensive movement between competing economies. Most prominently, was the United States of America taking over Hong Kong as the Number 1 most competitive country. Hong Kong moved to 2nd followed by Singapore which moved up to number 3. The Netherlands captured the 4th place moving ahead of Switzerland that moved back to 5th and Denmark to the 6th place. UAE moved up to 7th place ahead of Norway, 8th, Sweden 9th and Canada 10th.
The IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has published the rankings every year since 1989. This year 63 countries are ranked.
Al Mheiri: Data is key for UAE’s Future Food Security Strategy
Dubai, UAE, 28 February 2018
During her tour of the headquarters of Federal Competitiveness and Statistics Authority (FCSA), H.E. Maryam bint Mohammed Saeed Al Mheiri, Minister of State for Future Food Security underscored the importance of cooperation and identifying areas of collaboration between the two entities. The minister met with FCSA team and was briefed on the authority’s mandate and scope of responsibilities in managing global UAE competitiveness efforts, statistics and data portfolio and the realization of sustainable development goals.
Additionally, FCSA Team presented an overview of statistical indicators related to food security and discussed strategic aspects of statistical work, means of collecting data and making it accessible to stakeholders, particularly joint projects between FCSA and government entities, as well as the private sector.
During the meeting, the minister indicated the importance of collaboration with FCSA on the Minister’s initiatives and future projects, as well as FCSA’s role in supporting such programs through FCSA’s expertise in both statistics and competitiveness.
H.E. Al Mheiri said that she looks forward to further cooperation and future joint projects with the FCSA, specifically taking advantage of the entity’s expertise in the field of researches and knowledge products to support UAE’s Future Food Security portfolio.
H.E. Abdullah Nasser Lootah, FCSA Director General, said: “FCSA is keen to support federal and local government authorities in the field of statistics, data and global competitiveness ranking. FCSA’s expertise and competencies are all set to be at the disposal of H.E. the Minister and her team with the aim to achieve the desired goals and support UAE’s strategy to achieve food security,” he emphasized.
Following the meeting, Al Mheiri was taken on a tour of FCSA office and was briefed on the services and facilities highlighting the distinctive architectural design of FCSA headquarters and its impact on employees, inducing a creative work environment that stimulates productivity and innovation.
- Partnerships that enhance competitiveness and commercial rule of law will underpin investment opportunities in Dubai and UAE
- Business environment and investors power reflect positively on UAE’s rank in competitiveness reports
Dubai, UAE- 26 February 2018
Mark Beer, OBE, Chief Executive of the Dispute Resolution Authority (DRA) at Dubai International Financial Centre (DIFC) and an accompanying delegation of senior executives, consultants and financial analysts, visited the FCSA to discuss mutual areas of cooperation between the two entities.
Both teams discussed various topics related to the investment environment in UAE, attending to investors’ interests and attracting development projects that contribute to the sustainability of UAE economic sectors.
“We are glad to have had the opportunity to understand FCSA’s role in boosting its competitiveness in global reports and indicators”, said Mr. Beer. He also hailed FCSA’s interest in collaborating with stakeholders who can influence UAE’s ranking and performance in competitiveness reports, and all the current effort being exerted to maintain an attractive investment environment in the UAE.
“In addition to contributing to UAE’s future plans to become a knowledge-based economy, it is very important that investors have access to accurate data and statistics that reflect market conditions”, said Mr. Beer.
H.E. Abdullah Nasser Lootah, FCSA Director General, addressed the visiting delegation by underlining that the meeting was fruitful and valuable while stressing the importance of partnerships and cooperation in issues of mutual interest.
He also featured the role of the DRA in protecting investors. He affirmed: “Indeed, the DRA is keen to attend to the interests of the investment environment in the Emirate of Dubai and the implications of such an environment on the financial sector in UAE as a whole, which could reflect positively on the country’s performance in global competitiveness rankings.”
Noteworthy, FCSA is so dedicated to promoting joint cooperation with various authorities and institutions in both public and private sectors. By the end of 2017, FCSA hosted more than 60 official delegations and visits at its headquarters, that is receiving more than one official visit per week from various local and out of the country entities. Indeed, FCSA believes in the importance of participatory work aiming at achieving joint interests and future visions for a knowledge-based society which is supported by accurate and transparent statistics and data based on innovation.
UAE – 06 November 2025: The UAE Government has launched the Unified UAE Numbers, the comprehensive national platform dedicated to AI-powered data and statistics aimed at providing accurate, real-time and trusted data to support decision making and drive the UAE’s readiness for future shifts. The launch took place at the UAE Government Annual Meetings 2025.
The Unified UAE Numbers platform is being developed in partnership between the Federal Competitiveness and Statistics Center (FCSC) and the Ministry of Foreign Trade, and in coordination with relevant federal and local entities. The platform will be hosted on the UAE Government Federal Network (FedNet) to ensure maximum security.
The platform is an outcome of the Economic Data Retreat, where extensive discussions focused on strengthening the national statistics system, its governance, and data exchange between entities. It will create a unified, smart national ecosystem that enhances the quality and reliability of national data, driving the UAE’s transformation toward smart statistics.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade said: “This day marks our transition from a phase of compiling data to one of managing knowledge. From traditional statistics to smart statistics. This strategic transformation is embodied by the Unified UAE Numbers platform, which opens new horizons for decision makers to harness the power of data to drive development, national economy’s competitiveness and the UAE’s global status.”
His Excellency Al Zeyoudi added: “This platform shows how the UAE’s statistics ecosystem has matured to become capable of providing accurate, trusted and real-time data to help read economic trends and guide policies and investments. Ultimately it will strengthen the UAE’s ability to respond to global shifts and shape the future of vital sectors.”
Her Excellency Maryam bint Ahmed Al Hammadi, Minister of State, General Secretary of the UAE Cabinet and General Supervisor of the Federal Competitiveness and Statistics Centre (FCSC), said: “The launch of the Unified UAE Numbers platform embodies our leadership’s vision for a future government driven by data and AI. This platform represents a major step in the government’s digital transformation, fostering a unified approach and empowering entities to make swift, precise decisions backed by trusted, real-time data.”
Her Excellency Al Hammadi added: “By establishing a smart national statistics infrastructure, we are building a foundation to inform public policy, bolster the UAE’s competitiveness, and accelerate economic growth across all sectors.”
Her Excellency pointed out that the platform is an outcome of the Economic Data Retreat, which brought together 28 national entities in the first phase to establish 380 economic indicators and lay out a unified framework for GDP data, as well as balance of payment and investment.
She highlighted the essential role of data in formulating policy, setting priorities, measuring impact, and monitoring performance, noting that ultimately, this platform ensures that governance is data-driven, thereby strengthening the UAE’s readiness for AI adoption, achieving seamless integration of national databases, and creating an agile regulatory environment that champions both innovation and sustainability.
AED 929 billion: Gross Domestic Product (GDP) of the national economy
The Federal Competitiveness and Statistics Centre (FCSC) announced that the UAE’s real Gross Domestic Product (GDP) grew by 4.2 in the first half of 2025, reaching AED 929 billion, compared to the same period in 2024. Meanwhile, the non-oil GDP recorded a growth of 5.7%, amounting to AED 720 billion during the same period. Non-oil activities accounted for 77.5% of the UAE’s real GDP, while oil activities contributed 22.5% in the first half of 2025.
H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, affirmed that, under the guidance of the UAE’s wise leadership, the country has adopted a proactive approach that keeps pace with economic developments and trends locally, regionally, and globally. This approach is reflected in the development of competitive economic strategies and legislations, enhancing global economic openness, and creating a business-friendly environment that encourages private sector participation in the growth of non-oil sectors. It also includes the localisation of technology and digital transformation across vital and advanced economic sectors, contributing to positioning the UAE as a pioneering model in economic diversification and supporting its future vision to become a global hub for the new economy by the next decade.
He added: “The positive results achieved by the national economy during the first half of 2025, particularly the 5.7% growth in non-oil GDP, reflects the strength and competitiveness of the UAE’s economic performance and the efficiency of the economic policies implemented by the government. It also underscores the continued progress in reducing dependence on oil, promoting national non-oil industries, and advancing the economic objectives of the We the UAE 2031 vision.”For her part, H.E. Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, affirmed that the strong performance of the UAE’s GDP during the first half of 2025, reaching AED 929billion, reflects the resilience of the national economy and the continued growth momentum driven by non-oil activities such as trade, manufacturing, and construction. She stated: “The rise in the contribution of non-oil sectors to 77.5% confirms the success of the country’s economic diversification policies and its ability to create a flexible and sustainable productive environment based on knowledge and innovation, in line with the UAE’s vision of developing the economy of the future.”
Fastest-Growing Economic Activities
The financial and insurance activities recorded the highest growth among all economic sectorsduring the first half of this year compared to the same period last year, recording an 8.3% increase. This was followed by the construction sector, which grew by 7.9%, the manufacturing sector by 7.0%, and real estate activities by 6.5%.
In terms of contribution to non-oil GDP during the first half of 2025, the trade sector ranked first, accounting for 16.1%, followed by financial and insurance activities at 14.0%, and manufacturing at 13.8%. The construction sector contributed 11.8%, while real estate activities accounted for 7.8%.It is worth noting that the economies of the Gulf Cooperation Council (GCC) countries recorded growth during the first half of 2025, with the UAE achieving the highest growth rates, supported by the strong performance of its non-oil sectors. This reflects the impact of strategic initiatives and policies aimed at enhancing economic diversification in the UAE and contributes to supporting the collective GCC economic trajectory, promoting balanced progress that strengthens economic stability in the region.
The insurance sector in the UAE continued its positive performance in 2024, recording a 22% growth in total underwritten insurance premiums, reaching AED 65.1 billion, compared to AED 53.4 billion in 2023, according to data from the Federal Competitiveness and Statistics Centre (FCSC) and the Central Bank of the UAE. Data on the country’s insurance sector indicators for 2024 also showed a notable increase in property and liability insurance premiums, which grew by 26.6% to AED 26.3 billion, compared to AED 20.8 billion in 2023. Health insurance premiums rose by 21% to AED 31.3 billion, compared to AED 25.9 billion in 2023, while personal insurance and wealth creation premiums increased by 12% to AED 7.5 billion, up from AED 6.7 billion in 2023.
Total Number of Insurance Policies
According to 2024 statistics, the total number of insurance policies rose to 17.2 million, compared to 15.6 million in 2023, marking a 10% growth. The highest growth rate was recorded in health insurance policies, which saw a record jump of 60%, increasing to 2.2 million policies from 1.4 million in 2023. Meanwhile, the total number of property and liability insurance policies reached 14.6 million, compared to 13.9 million in 2023, registering a 5% growth. The total number of personal insurance and wealth creation policies stood at 305,900, a slight increase from 302,500 in 2023, reflecting a 1% growth.
Technical Provisions
Total technical provisions that insurance companies are required to maintain to meet their financial obligations across all insurance branches rose by 20.9%, reaching AED 92.2 billion in 2024, compared to AED 76.3 billion in 2023. This increase was driven by a 44.9% rise in property and liability insurance provisions, reaching AED 37.6 billion, a 24.1% increase in health insurance provisions to AED 17.0 billion, and a 2.8% rise in personal insurance and wealth creation provisions to AED 37.7 billion in 2024.
Claims Paid
Regarding claims paid, which represent the total amounts disbursed by insurance companies in the UAE to policyholders and beneficiaries during the year for settling insurance claims, statistics indicated a 32% increase in total claims across all insurance branches for both domestic and foreign companies in 2024, reaching AED 41.6 billion. This total comprised AED 28.9 billion paid by national companies and AED 12.7 billion by foreign companies, compared to AED 31.6 billion in 2023, which included AED 21.8 billion paid by national companies and AED 9.8 billion by foreign companies.
This increase was attributed to an 83% rise in claims paid for property and liability insurance, particularly in fire and motor insurance, a 14% increase in health insurance claims paid, and a 26% rise in claims paid for personal insurance and wealth creation policies.
As for incurred claims, which include the total value of claims paid as well as other costs borne by insurance companies during the year, statistics indicate a 45% increase across all insurance branches for both national and foreign companies in 2024, reaching AED 53.3 billion. This total comprised AED 39.1 billion for national companies and AED 14.2 billion for foreign companies, compared to AED 36.6 billion in 2023, which included AED 25.1 billion for national companies and AED 11.5 billion for foreign companies.Invested Assets
Statistics showed an increase in total invested assets in the UAE insurance sector for both national and foreign companies in 2024, representing the total assets held by insurance companies for investment purposes. The total rose by 10% to AED 84.9 billion, comprising AED 48.6 billion for national companies and AED 36.3 billion for foreign companies, compared to AED 77.1 billion in 2023, which included AED 42.1 billion for national companies and AED 35.0 billion for foreign companies. Investments in securities and debt bonds accounted for the largest share of total invested assets at AED 36.3 billion, followed by cash and deposits at AED 25.0 billion. The remaining value was distributed across other categories of invested assets, including real estate investments, loans, and other assets.
The number of air quality monitoring stations operating across the UAE reached 57 in 2024, marking a 46% increase over the past decade, compared to 55 stations in 2023, according to the latest data issued by the Federal Competitiveness and Statistics Centre (FCSC) in collaboration with the Ministry of Climate Change and Environment (MOCCAE) and the National Center of Meteorology (NCM).
Of the total stations, 32 stations (56%) are located within populated areas, ensuring continuous monitoring of air quality in residential communities across the country.
Data from all monitoring stations indicate that the average concentrations of key air pollutants, including carbon monoxide (CO), nitrogen dioxide (NO₂), and sulfur dioxide (SO₂) remained low compared to previous years and within the limits set by the UAE National Air Quality Standards.
Air quality remains a national priority for the UAE, given its direct impact on public health and quality of life. The UAE Government has embedded air quality as a key performance indicator (KPI) under the “We the UAE 2031” Vision and the UAE Centennial 2071 Strategy, both of which aim to promote social wellbeing and a sustainable economy. In addition, air quality is one of the eight core policy priorities within the National Environmental Agenda led by MOCCAE.
According to FCSC data on the geographic distribution of monitoring stations in 2024, Abu Dhabi recorded the highest number with 21 stations (37%), followed by Dubai with 14 stations (25%), Ajman with 7 stations (12%), Fujairah with 6 stations (11%), Ras Al Khaimah with 4 stations (7%), Sharjah with 3 stations (5%), and Umm Al Quwain with 2 stations (3%).
In terms of functional distribution, residential areas account for 56% of all stations to ensure comprehensive coverage of inhabited regions, followed by roadside locations at 23%, industrial and commercial areas at 14%, while the remaining stations are distributed across other locations in the UAE.
Air quality monitoring stations play a vital role in detecting substances released into the atmosphere, directly or indirectly which may alter air composition in ways harmful to human health, living organisms, natural resources, or populated areas. The stations provide accurate daily, monthly, and annual measurements of major air pollutants, including sulfur dioxide, carbon monoxide, nitrogen dioxide, ground-level ozone, and inhalable particulate matter.
The National Committee on Sustainable Development Goals (SDGs), in cooperation with the Government Experience Exchange Office at the Ministry of Cabinet Affairs and in collaboration with the Sustainable Development Goals Academy, has launched the “2030 SDGs Leaders Program”, aimed at empowering national, regional and global government leaders with modern tools, expertise and skills in leading efforts to achieve the SDGs.
The program seeks to enable participating leaders to integrate sustainable development principles into government strategies by developing future leadership skills, strengthening strategic thinking, and building capacities in international cooperation and partnerships for sustainable development. This will enhance integration among government entities and contribute to improving institutional performance.
Implemented under the supervision of experts from the UAE Government, the program includes knowledge visits to leading government entities, workshops and interviews with 17 Emirati experts. It brings together 32 government leaders from 14 countries, including 13 international participants and 19 participants from the UAE, representing senior leadership levels such as ministers, directors-general and undersecretaries. Among them are a minister from the Republic of Maldives, an assistant minister from the Republic of Serbia, and an assistant undersecretary from the Kingdom of Bahrain.
Abdulla Lootah: Strengthening the UAE’s position as a Global Hub for Experience in Sustainable Development
His Excellency Abdulla Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chairman of the National Committee on Sustainable Development Goals, affirmed that the launch of the “2030 SDGs Leaders Program” comes as part of the UAE’s efforts to support the achievement of the SDGs nationally and globally, thereby strengthening its position as a global hub for experience exchange in the field of sustainable development and in support of the 2030 Global Agenda.
Lootah stated that the program represents a practical platform for developing national and global competencies concerned with the 2030 Sustainable Development Agenda, through interactive sessions and applied workshops that enhance thinking in the design and implementation of sustainable initiatives and projects; and support the building of impactful partnerships between government and international sectors in the fields of development, environment and society.
Jeffrey Sachs: Supporting government leaders to address major challenges
For his part, Jeffrey Sachs, President of the United Nations Sustainable Development Solutions Network (SDSN), said: “The SDGs Leaders Program helps support government leaders in addressing the major challenges of our time. Achieving sustainable development requires leaders who think systemically, plan effectively, and build trust across borders and sectors. This program in the UAE strengthens these capacities and builds a generation of leaders who will achieve SDGs and work towards a more peaceful and prosperous world. The SDG Academy of the United Nations SDSN is honored to support the UAE Government Experience Exchange Office and the UAE National Committee on SDGs in this distinguished program.”
Sustainable development and future leadership
In its first track, the program featured intensive dialogue and interactive sessions over five days, addressing key pillars of sustainable development and future leadership. The first and second days focused on leading transformation and governance for systemic change through presentations, case studies and thinking labs aimed at developing leadership capacities, strengthening institutional integration and expanding the implementation of the UN Sustainable Development Agenda.
The sessions also focused on innovation, financing and strategic partnerships, and on anticipating the future of development through digital transformation and the 2045 XDGs Agenda. Leaders participated in workshops, field visits and dialogues to develop national directions and transform visions into practical steps that support the continuity of collective action towards a more sustainable future. The program included specialized sessions, workshops and policy acceleration labs, as well as visits to the Museum of the Future; the Mohammed bin Rashid Al Maktoum Solar Park; and the Mohammed bin Rashid Centre for Government Innovation (MBRCGI), to explore innovative models in governance, sustainable energy and digital transformation.
National and global participation
Participants from the UAE included government leaders from: the Ministry of Climate Change and Environment; Ministry of Health and Prevention; Ministry of Foreign Affairs; Ministry of Education; Ministry of Interior; Ministry of Community Empowerment; UAE Gender Balance Council; Supreme Council for Motherhood & Childhood; Environment Agency – Abu Dhabi; Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) ; Department of Municipalities and Transport in Abu Dhabi; Department of Community Development in Abu Dhabi; Dubai Civil Aviation Authority; Dubai Electricity and Water Authority (DEWA); the Roads and Transport Authority in Dubai (RTA); and Dubai Municipality.
International participants represented: Republic of Seychelles; Republic of Maldives; Republic of Uzbekistan; Republic of Azerbaijan; Kingdom of Bahrain; Republic of Georgia; Romania; Montenegro; Republic of Rwanda; Hungary; Republic of Kazakhstan; Republic of Kenya; and the Islamic Republic of Pakistan.
The SDG Academy, the program’s academic partner, supports the design of content and provides specialized educational resources. As an educational initiative of the UNSDSN, it brings together global experts in poverty reduction, climate action, gender equality and policy innovation.
Government Experience Exchange
The UAE government launched the Government Experience Exchange Programme to transfer best government practices and expertise to countries and to enhance cooperation in government modernization and development. Since its launch in 2018, the programme has successfully established partnerships with dozens of countries worldwide, aimed at building institutional capacities and improving government performance through experience exchange in strategic planning, government excellence and leadership in government services, in addition to implementing strategic initiatives and building institutional capacities.
The National Committee
The National Committee on SDGs undertakes key tasks including coordinating with relevant entities to align and review policies, strategies and national targets with the SDGS; building and strengthening national capacities to achieve the SDGs and address challenges through local and international partnerships; preparing national reports on the country’s results and efforts to achieve the SDGs; and coordinating with entities to prepare and publish SDG-related data at the national level.
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