UAE’s non-oil sector slows down in Q1

Abu Dhabi – Mubasher: The UAE’s non-oil sector achieved a 3.1% growth in the first quarter of 2018, compared to a 3.4% improvement in Q4-17.

The GCC country’s economy grew 1.2% in Q1-18 versus 0.1% in the previous quarter, according to a report released by the Central Bank of the UAE (CBUAE).

In March, the UAE’s Ministry of Economy expected that its gross domestic product (GDP) would grow 3.4% year-on-year to AED 1.6 trillion in 2018.

Mubasher Contribution Time: 29-May-2018 09:23 (GMT)
Mubasher Last Update Time: 29-May-2018 09:27 (GMT)