logo
Google contributes nearly $6bn to UAE economy in 2024 report

Google contributes nearly $6bn to UAE economy in 2024 report

Arabian Business4 hours ago

Google has released its Economic Impact Report for the UAE, revealing the technology giant contributed an estimated AED 21.8 billion to the country's economy in 2024.
The report, conducted by research agency Public First, examined how Google products including Search, Play, Maps, YouTube and Google Ads supported people, businesses, content creators and developers throughout 2024.
'We're incredibly proud to be a partner in the UAE's boundless ambitions. The report reflects our investment in accelerating the country's ambitious journey towards a diversified, AI-powered economy. Through strategic investments, local partnerships, and our AI-powered tools, we're bringing substantial economic value and empowering individuals, businesses, and communities in the UAE,' Anthony Nakache, Managing Director for Google in the Middle East & North Africa said.
Google AI assistant Gemini used by 63% of UAE adults in 2024
Google's 'Maharat Min Google' skills initiative has trained over 430,000 individuals in the UAE in digital and AI capabilities since 2018.
The Android and Google Play app ecosystem supported 30,000 jobs in the UAE during 2024, according to the findings.
The report found Google's services create AED683 per month in consumer benefits for the average person in the UAE.
Gemini, Google's AI assistant, has been used by 63 per cent of adults in the country, with 90 per cent of users agreeing it helped them become more productive.
Arabic language support proved important, with 71 per cent of users finding Gemini easier to use in Arabic compared to other AI chatbots. Half (50 per cent) of adults in the UAE consider Google Search essential to their daily lives.
Navigation services showed high usage rates, with 89 per cent of adults reporting Google Maps and Waze were useful for avoiding getting lost. Contactless payments through services like GPay or GWallet made life easier for 90 per cent of adults.
The business sector demonstrated high AI adoption, with 91 per cent of UAE businesses reporting use of at least one AI tool in their workflows. Among younger consumers, 73 per cent of 18-24 year olds use Google Search weekly for shopping or browsing products online.
Local business discovery remains important, with 80 per cent of adults using Google Maps or Waze monthly to find businesses.
Review checking behaviour is widespread, with 86 per cent checking Google reviews before visiting venues or businesses at least monthly. Price comparison through Google Search occurs monthly for 94 per cent of adults.
Public sector productivity gains were notable, with 97 per cent of government workers stating Google AI-enabled tools help them be more productive at work.
The Android App Economy generated AED455 million in revenue for UAE-based developers in 2024. YouTube's creator base expanded, with over 600 channels in the UAE surpassing one million subscribers, representing a 15 per cent year-on-year increase.
Google's News Initiative has trained more than 20,000 journalists and journalism students across the MENA region, including the UAE.
Public First conducted the research through surveys of 1,110 online adults and 389 business leaders in the UAE. The surveys were carried out in English and Arabic during March 2025, with results weighted by age, gender, education level and region to ensure national representation.
The report combines consumer and business polling, economic modelling, case studies and third-party data to assess Google's impact across three categories: People, Businesses and Communities.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IFS Appoints Shawn Juister as President, Energy & Resources
IFS Appoints Shawn Juister as President, Energy & Resources

Web Release

timean hour ago

  • Web Release

IFS Appoints Shawn Juister as President, Energy & Resources

IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Shawn Juister as President, Energy & Resources, reflecting IFS's strong growth in the sector and new product investment. Juister has joined the IFS executive leadership team, bringing more than 20 years of experience to the company. With this appointment, IFS continues to strengthen its focus on the Energy & Resources (E&R) sector, which includes asset-intensive and service-centric customers in Energy and related industries. Juister will be responsible for driving accelerated growth in the sector, deepening customer value, and executing IFS's ambitious E&R product roadmap. Juister has previously held global leadership positions across software, energy, and asset-intensive industries. He brings deep experience in enterprise software and commercial transformation, including senior roles at Hitachi Energy and RPM Global, where he delivered significant revenue growth and led major go-to-market and SaaS transitions. 'Shawn is an accomplished software executive with a track record of scaling enterprise businesses and delivering commercial transformation,' said Max Roberts, Chief Operating Officer at IFS. 'His leadership will be instrumental as we double down on our momentum in Energy & Resources, following landmark customer wins such as Total Energies, and as we bring our next-generation AI-powered industry solutions to market.' Shawn Juister, President, Energy & Resources, IFS, added: 'Now is a very exciting time to join IFS. The company is extending its leadership and investment in solutions tailored for the energy industry in parallel with the energy sector undergoing major strategic and digital transformation. I am looking forward to working with our customers to capitalize on the opportunities for growth.'

FNC holds special UAE–EU session
FNC holds special UAE–EU session

TAG 91.1

timean hour ago

  • TAG 91.1

FNC holds special UAE–EU session

The Federal National Council (FNC) held a special UAE–European session in Abu Dhabi on Monday, chaired by Speaker Saqr Ghobash, as part of its 18th legislative term. The high-level session welcomed Roberta Metsola, President of the European Parliament, along with ministers, senior officials, EU ambassadors and European business leaders operating in the UAE. In his opening remarks, Ghobash welcomed Metsola and her delegation, stressing the UAE's commitment to dialogue and parliamentary cooperation. He said the session marks the start of deeper joint initiatives on global challenges such as peace, sustainable development and combating extremism. Ghobash also addressed urgent regional issues, calling for a ceasefire in Gaza and a political resolution to the conflict. He reaffirmed the UAE's stance on diplomacy and dialogue in resolving disputes and tensions, including the targeting of Iranian nuclear facilities. In her speech, Metsola praised the UAE's leadership in promoting peace and coexistence, calling the visit a turning point in EU-UAE relations. "I stand before you today representing 450 million European citizens, carrying a message of hope and optimism that this visit will mark a new beginning for strengthening our bilateral ties and expanding the horizons of partnership between the European Parliament and the UAE through constructive dialogue and cooperation," she said. The President of the European Parliament highlighted strong UAE-EU trade ties, valued at €328 billion (AED 1.39 trillion), and emphasised tourism, education and culture as key pillars of future cooperation. Metsola concluded by describing the relationship as entering a new phase of strategic partnership, built on shared values and a common vision for global peace and prosperity. انعقاد الجلسة البرلمانية الخاصة الإماراتية الأوروبية، برئاسة معالي صقر غباش رئيس المجلس الوطني الاتحادي، وبحضور معالي روبيرتا ميتسولا رئيسة البرلمان الأوروبية. — المجلس الوطني الاتحادي (@fnc_uae) June 23, 2025

Stocks climb, oil reverses gains amid Gulf flare-ups
Stocks climb, oil reverses gains amid Gulf flare-ups

Khaleej Times

timean hour ago

  • Khaleej Times

Stocks climb, oil reverses gains amid Gulf flare-ups

Gulf stock markets gained ground on Monday as oil prices surged to a five-month high, driven by mounting geopolitical tensions following US strikes on Iranian nuclear sites. Investor anxiety has deepened over the possibility of an Iranian response, especially amid growing fears that Tehran may attempt to disrupt or block the critical Strait of Hormuz—a conduit for more than 20 per cent of the world's oil supply. Brent crude rose sharply in the wake of the US offensive, which marked a dramatic escalation in the ongoing Middle East conflict. This spike in oil prices, while boosting energy-exporting economies in the Arab Gulf, also reignited global concerns over inflation, supply chain fragility, and stagflation risks. However, gains were reversed later in the day. Around 7pm UAE time, Brent was down 0.93 per cent to $76.29, while West Texas Intermediate fell 0.99 per cent to $73.11. While investors across global markets adopted a cautious stance, the response in Gulf equity markets was more upbeat. Saudi Arabia's benchmark index advanced 0.7 per cent, led by gains in Al Rajhi Bank and Saudi Arabian Mining Company. Dubai's main index rose 1 per cent, with blue-chip developer Emaar Properties jumping 2.4 per cent and Dubai Islamic Bank gaining 1.7 per cent. Analysts attributed this relative optimism to speculation that direct US involvement might pressure Iran towards a diplomatic resolution. 'Regional markets are trying to price in both the risks and opportunities from the escalation,' said Hani Abuagla, senior market analyst at XTB MENA. 'Some investors are betting that the crisis may force stakeholders back to the negotiating table.' Despite the uptick in regional equities, global markets were jittery. US stock futures edged lower on Monday. Futures tied to the Dow Jones Industrial Average slipped 114 points, or 0.2 per cent, while S&P 500 and Nasdaq-100 futures both fell by 0.2 per cent. Last week, the S&P 500 posted a 0.15 per cent loss—its second consecutive weekly decline. Josh Gilbert, market analyst at eToro, said investors are approaching the week with a 'heightened sense of caution.' He noted that markets are witnessing a classic flight to safety, with equity futures down, bitcoin sliding below $100,000, and gold and oil prices trending higher. 'Until we see signs of de-escalation, this defensive positioning will continue,' Gilbert said. 'This kind of geopolitical uncertainty is becoming part of the new normal.' The key risk factor, he emphasised, remains the Strait of Hormuz. 'Any disruption to that key artery could lead to a sharp spike in oil prices in the short term,' Gilbert said, adding that while the UAE and other Arab Gulf exporters might benefit from higher crude prices, broader market volatility and inflationary pressures would weigh heavily on the global economy. Tavis McCourt, analyst at Raymond James, echoed this sentiment, warning that an escalation would likely result in a short-term rise in oil prices, interest rates, and the US dollar, fuelling fears of stagflation. 'Conversely, signs of resolution could revive risk appetite and reward dip buyers,' he wrote in a note. Vijay Valecha, chief investment officer at Century Financial, said crude prices briefly touched their highest levels since January, underpinned by expectations of Iranian retaliation. He pointed out that Iran's parliament had approved measures that could lead to blocking the Strait of Hormuz. 'Markets initially reacted to the headline risk, but are now bracing for Iran's next move,' he said. 'Even limited interference with tanker traffic could significantly reprice geopolitical risk.' Beyond immediate market moves, analysts warned of wider economic fallout. A disruption to the Strait would not only hurt global oil supply but could also deal a blow to Iran's own exports. Even without a full closure, sustained tension could upend shipping insurance costs, delay deliveries, and increase energy and food prices across importing nations. In particular, countries in Asia—heavily dependent on oil from the Arab Gulf—are expected to bear the brunt of rising costs. 'There is no real substitute for Gulf oil in the short term,' said Joaquin Vespignani, associate professor of finance at the University of Tasmania. 'For Indo-Pacific countries, higher import bills could force budget cuts elsewhere. Inflation will rise while incomes stagnate—a double blow for consumers.' He warned that nations with limited fiscal space could struggle to maintain current levels of infrastructure spending and welfare programs. 'This shock will ripple far beyond the Gulf, straining economies and consumers alike,' he added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store