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FINANCIAL NEWS
UAE- 2012 current account balance posts USD66.5b surplus
28 May 2013
(MENAFN) UAE’s current account surplus grew around 31 percent to USD66.5 billion last year, according to the central bank, reported Arabian Business.
The figure represented 17.3 percent of the country’s gross domestic product (GDP).
The country’s economic growth accelerated to 4.4 percent in inflation-adjusted terms during last year.
The stable oil prices had a major role in this growth, according to the National Bureau of Statistics in the OPEC.
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