DUBAI’S 2024-2026 BUDGET ACCELERATES AMBITIONS FOR ECONOMIC GROWTH: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday approved the emirate’s budget for 2024 to 2026, which allocates Dh246.6 billion of expenditure. The emirate expects to achieve estimated public revenues of Dh90.6 billion, of which Dh85.1 billion have been allocated to the budget and Dh5.5 billion to the general reserve in 2024. The government has earmarked a whopping Dh79.1 billion for spending next year. And according to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, the budget charts a financial roadmap for accelerating Dubai’s ambitions to foster exponential economic growth. It consolidates Dubai’s position as a global economic powerhouse. The new budget will play an instrumental role in achieving the city’s goals to double its GDP and propel it into the ranks of the world’s top three urban economies over the next decade. (By Dhanusha Gokulan, Chief Reporter – Business)