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FINANCIAL NEWS
UAE’s economy continues to escalate
22 Jul 2013
(MENAFN) Dubai’s gross domestic product (GDP) is forecasted to grow significantly by 4.7% in the three month to June 30 of this year, reported Arabian Busness.
the United Arab Emirates witnessed a respectable growth in its key sectors, such as, financial, real estate and construction, which boosted the country’s economy by 4.1% in the first quarter.
It’s worth mentioning that the previous year growth was attributed to the wholesale and retail trade, representing the biggest contribution of 28 percent to the emirate’s GDP.
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