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FinancialNews


  • 25-11-19

    Dubai economy sees growth by 2.1 percent in H1 of 2019

    (MENAFN) According to data published by the Dubai Statistics Centre (DSC), Dubai's economy grew 2.1 per cent year-on-year (YoY) in the first half (H1) of 2019, with the GDP reaching USD56.7 billion at constant prices.

    Arif Al Muhairi , executive director of the DSC was quoted as saying in an Emirates news agency Wam report, the flexibility of Dubai's economy and its business structure helped the emirate keep its economic growth, despite the hold back of the regional and global economy.

    He also said that the wholesale and retail sector supported the overall growth of the local economy thanks to Dubai's strong infrastructure as it helped improve its re-export business and trade with countries both in the region and around the world.

    MENAFN2511201900450000ID1099321407

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