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FINANCIAL NEWS
UAE’s 2012 trade to reach USD492b
19 Feb 2012
(MENAFN) Dubai’s DP World deputy chairman, Jamal bin Thaniya, said that UAE’s trade would be forecasted to reach USD492 billion in the current year, reported Emirates 24/7.
Bin Thaniya added that in the period, exports would reach around USD266.46 billion.
Moreover, the UAE’s gross domestic product (GDP) would be forecasted to grow at around 3.8 percent in 2012, and would expand by an average 6 percent in 2015.
It is worth noting that Dubai’s non-oil trade surged by about 44 percent in 2008 to reach USD166.57 billion, and to nearly USD156.50 billion in 2010.
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