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FINANCIAL NEWS
Dubai economic growth registers 4 percent
29 Mar 2016
(MENAFN) Dubai’s economy stayed resilient and viewed growth of almost 4 percent in 2015 despite global issues made by the drop in oil prices and weak demand for commodities.
Accordingly, at the end of 2015, the increase was between 3.5 and 4.5 percent, while the country logged 4.5 percent growth in the Jan-Sep period.
Moreover, reasons for the resilience were because of the emirate’s diversified economy, which minimized the impact of the global slowdown effects.
On the other hand, Dubai’s economy attained positive results in the areas of aviation, air cargo and tourism, which increased over the past year.
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