Latest Press Releases
Welcome to the Public Debt Management Office ('DMO') Media Center where you can find the latest news.
Dubai’s Economy Grows 3.2% in the H1 of 2023
The emirate’s positive economic performance was driven by remarkable growth in sectors such as transportation, wholesale and retail trade, financial and insurance, accommodation and food services, real estate, information and communication and manufacturing.
Dubai Government Reduces Public Debt by 29 Billion Dirhams. Remarkable achievement within a year and a half of the establishment of the Public Debt Management Office
The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately AED29 billion in Dubai's public debt by the end of this year.
DXB’s H1 Traffic Surpasses Pre-Pandemic Levels
Dubai International (DXB) celebrates a significant milestone in its recovery with passenger traffic for the first half of the year surpassing 2019 levels. The world’s busiest international hub welcomed 41.6m guests in H1, just over 100%, compared to the traffic recorded during the first six months of 2019.
Dubai's GDP grows 2.8% in Q1 2023 to reach AED111.3 Billion
Dubai’s Real Gross Domestic Product (GDP) grew 2.8% year-on-year in the first quarter of the year to reach AED111.3 billion surpassing average global growth rates for Q1 2023. The surge maintains the robust momentum of growth achieved in 2022, when the emirate experienced a 4.4% expansion of the economy.