Latest news with #Dh39.4
The National
22-04-2025
- Business
- The National
Dubai inflation eases in March on lower transport and food costs
Dubai inflation slowed to 2.8 per cent on an annual basis in March, down from 3.15 per cent in February and 3.2 per cent in January, on the back of lower transport and food and beverage costs. The annual price growth was the slowest recorded by the emirate since October last year, according to the latest data from Dubai Statistics Centre. Transport costs for March fell 3.34 per cent year-on-year and food and beverage costs slid 0.31 per cent. Information and communication as well as clothing and footwear prices also fell during the month. However, housing, utilities and fuels, which account for the biggest part of the consumer price index at more than 40 per cent, rose 7.16 per cent yearly in March, when compared to 7.36 per cent each in February and March. This was because of the rise in housing prices, as apartments and villa rents continued to rise in Dubai, according to Emirates NBD. In the first quarter of this year, Dubai apartment rents were up by about 8 per cent on an annual basis while villas and townhouses were up by about 20 per cent, the lender said in a note on Monday. The costs of education, restaurants and accommodation services, personal care, social protection and miscellaneous good and services also increased during the month. 'Prices were 0.1 per cent lower compared with February, marking the first monthly deflation since July 2024,' Daniel Richards, senior economist at Emirates NBD, said. He added that inflation over the first quarter averaged 3 per cent year-on-year, 'slightly more than our 2025 forecast of 2.8 per cent, but we expect that price growth will be more modest through the remainder of the year than we have seen in first quarter'. Emirates NBD said it projects softer headline inflation in the coming months "largely on the back of lower global oil prices, which have already come down sharply in April". "This will be reflected in prices at the pump and in the transport component of the basket, which accounts for just over 9 per cent of the total," Mr Richards said. The latest data comes as Dubai's economy continues to grow on diversification efforts. The emirate's economy grew by 3.1 per cent in the first nine months of last year, compared to the same period in 2023, reaching Dh339.4 billion ($92.4 billion), with growth largely driven by strides in several sectors, according to a report in February by state news agency Wam. The wholesale and retail trade sector reached Dh83 billion in the first three quarters of last year, a growth rate of 2.9 per cent. The transport and storage sector grew by 5.3 per cent to reach Dh42 billion, while the financial and insurance activities sector increased by 4.5 per cent to reach Dh39.4 billion.
Khaleej Times
28-02-2025
- Business
- Khaleej Times
UAE healthcare sector expected to grow at 7.5% annually
The UAE healthcare sector is projected to reach a value of approximately Dh39.4 billion ($10.7 billion) by 20225. The sector is expected to grow at a compound annual growth rate (CAGR) of 7.5% over the next few years. As global investment in healthcare continues to rise, Forte Healthcare is a key player in supporting the establishment of world-class medical facilities across the UAE and the wider EMEA region. The firm provides end-to-end facility commissioning solutions, ensuring that hospitals and medical centers meet the highest regulatory, operational, and financial benchmarks. 'The region is experiencing a significant transformation in healthcare investment, with a strong push towards advanced infrastructure, operational excellence, and regulatory alignment. Forte Healthcare is committed to supporting this growth by providing strategic expertise that ensures facilities are not only built to global standards but are also fully optimized for long-term success,' said Karan Rekhi, CEO of Forte Healthcare. Forte Healthcare is enabling investors, developers, and healthcare operators to navigate the highly regulated healthcare landscape, ensuring that facilities are not only fully compliant but also equipped for long-term operational success. From the initial feasibility assessment to strategic planning, infrastructure development, and operational readiness, the firm works closely with stakeholders to deliver seamless, future-ready healthcare facilities that align with both national healthcare strategies and international standards. A key factor in the success of any healthcare venture is ensuring that facilities are designed, staffed, and managed with precision. Forte Healthcare provides investors with strategic guidance on structuring healthcare operations, optimizing investments, and developing comprehensive business models that support sustainable growth. With a strong focus on regulatory compliance and healthcare governance, the firm ensures that each project meets the stringent requirements set by UAE and regional health authorities, providing a solid foundation for long-term viability. 'Beyond compliance and operations, the ultimate goal is to create healthcare facilities that are efficient, patient-centered, and future-ready. By integrating best practices in facility design, staffing, and revenue cycle management, we are helping to shape a healthcare ecosystem that prioritizes both sustainability and excellence,' added Rekhi. Recognizing that a high-performing healthcare facility is built on the strength of its people, Forte Healthcare plays a critical role in the recruitment and deployment of licensed medical professionals, ensuring that hospitals and clinics have access to skilled physicians, nurses, and healthcare personnel who meet the highest clinical standards. The firm also works alongside architectural and engineering teams to ensure that facility design enhances patient experience, operational efficiency, and clinical excellence. As the UAE continues to position itself as a global hub for healthcare excellence, the role of specialized consultancies such as Forte Healthcare becomes increasingly vital in shaping high-quality, sustainable, and patient-centric medical facilities. Through its expertise in facility operations commissioning, strategic advisory, and healthcare management, Forte Healthcare is reinforcing the region's healthcare landscape by delivering solutions that drive efficiency, accessibility, and long-term impact.
