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FinancialNews


  • 24-06-19

    2.2 percent surge in UAE economic growth

    (MENAFN) Central Bank of the UAE revealed a 2.2 percent boost in the economic growth of the United Arab Emirates (UAE) for the January-March period.

    This boost, the central bank explained, is attributed to a strong government as well as solid performance in the private sector.

    UAE's non-oil sector, during the three-month period, witnessed a 1.6 percent surge while real gross domestic product (GDP) posted a 2 percent jump.

    However, inflation recorded a decrease during the period as a result of a 1.2 percent increase in the private sector's recruitments.

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