UAE Achieves $39 Billion Budget Surplus in 2023, Surpasses One Million Registered Companies by Mid-2024
The United Arab Emirates (UAE) has reported a significant fiscal surplus of over $39 billion for the year 2023, showcasing the nation's robust economic management.
This surplus reflects the UAE's strategic financial policies, bolstered by high oil prices and diversified revenue streams. In conjunction with its financial success, the UAE has also seen remarkable growth in its business sector. By mid-2024, the total number of registered companies in the country surpassed one million, underscoring the UAE's position as a global business hub. This milestone highlights the effectiveness of the UAE's efforts to create a favorable environment for both local and international businesses, further solidifying its reputation as a leading economic powerhouse in the region.
