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FinancialNews


  • 20-05-13

    UAE's 2012 economic growth at 4.4%

    (MENAFN) The UAE's National Bureau of Statistics announced that the country's economy grew to 4.4 percent in 2012 in inflation-adjusted terms, reported Arabian Business. According to the bureau, the figure is compared with a revised 3.9 percent in 2011. It attributed the growth to high and stable oil prices in the period that enhanced all economic activities in the Arab world's second-biggest economy. It said that in 2012, oil prices averaged USD112 per barrel compared with USD109 per barrel a year earlier. On the other hand, the country's non-oil sector contributed around 67.3 percent to the real GDP.

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