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FINANCIAL NEWS
Dubai economy posts 2.3% growth in H1
24 Nov 2010
(MENAFN) The Dubai Statistics Center said in a statement that Dubai�s economy grew 2.3 percent by June-end of the current year, as a result of improvements in the trade and manufacturing sector along with tourism, Reuters reported.
According to the center, the sectors of manufacturing, transport, logistics, services, wholesale and retail trade, hotels, restaurants and government services, all achieved positive growth.
The property sector contributed 11 percent to the Gulf emirate’s economy by June-end, the center said, down from 14 percent for whole of 2009, and 17 percent in 2008.
As for Dubai’s non-oil exports and re-exports, both soared by 46 percent and 26 percent, respectively, during the April-June period, while imports jumped 17 percent, data has showed.
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