Investor Presentaiton
Appendix
Strategy
Dubai Economic Update (1/3)
Highlights
Dubai's economy expanded 4.6% y/y in H1 2015, up from
4.0% in H1 2014. Wholesale & retail trade remains the
largest sector in the economy, and expanded 5.3% in H1
2015. Transport, storage & communication rose 6.6% and
retail and business services grew 4.5%.
The Emirates NBD Dubai Economy Tracker indicates
slower, but positive, growth in Dubai's non-oil private sector
last year. The construction sector has showed robust levels
of output and new orders expansion, while activity in the
tourism & travel sector gained momentum in the last two
months of 2015.
4.0
3.5
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Emirates NBD Dubai Economy Tracker
Emirates NBD
4
Dubai: Real GDP Growth, H1 2015
5.0
% y/y
4.5
3.8
4.7
4.0
3.0
3.0
2.7
2.5
H1
H1
H1
H1
H1
H1
2010
2011
2012
2013
2014
2015
Source: Dubai Statistics Centre, Emirates NBD Research
68
66
64
62
60
58
56
54
52
50
Dec-12
Key Sector Growth Rates, H1 2015
10
% y/y growth
8
6
4
8.5
6.6
6.6
2
5.3
4.5
3.1
0
May-13
Source: Markit / Emirates NBD, Emirates NBD Research
Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15
Utilities
1.1
Hospitality
Transport
Trade
Real Estate
Manufacturing
Construction
Source: Dubai Statistics Centre, Emirates NBD Research
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