20 Feb 2014
(MENAFN) UAE’s inflation rate saw a 11 percent rise in the first eleven months of 2013 on the back of the growing housing costs, according to Khaleej Times.
Rental rates for mid-range villas and apartments boosted by about 20″30 percent in the first nine months of 2013 compared to the same period of 2012.
The UAE is expected to have recorded a budget surplus in 2013.
The alternate asset management company Al Masah said: “Although 2013 figures are not yet available, in light of prioritised spending on social welfare and development, the UAE”s fiscal surplus is likely to have dipped a bit from around 8.6 per cent of GDP recorded in 2012. For 2014, a federal budget of $12.5 billion was approved, with a majority of it allocated to the health sector, followed by expenses for government services and housing development projects. The UAE is estimated to have a budget surplus of 6.9 per cent of GDP in 2013 and 6.6 per cent of GDP in 2014.”
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more