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FINANCIAL NEWS
Dubai’s GDP hits USD23.02b in Q1
04 Sep 2014
(MENAFN) Dubai’s economy had a steady growth and increased by 4.2 percent in the January-March period, Emirates 24/7 reported.
In the first quarter of 2014, the emirate’s GDP grew to around USD23.02 billion compared to USD22.12 billion registered in the corresponding period of last year.
In terms of sectors, the light industries grew by 6.8 percent with a contribution of 13.5 percent to Dubai’s GDP.
Meanwhile, growth stood at 5.2 percent in transport, storage and communications sectors, 5.1 percent in real estate and business services, while retail and wholesale trade grew by 4.1 percent, and hotels and restaurants increased by 3.9 percent.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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