Wednesday, 9 March 2016

UAE Non-Oil Foreign Trade Expands Significantly in 2015

abdulrahman al ansari

Abdulrahman Al Ansari examines new figures which suggest that the United Arab Emirates (UAE) saw its non-oil foreign trade expand significantly in 2015.

Gulf News reports that the UAE is moving towards a non-oil economy. Figures from the nation’s Ministry of Economy indicate that Emirati real Gross Domestic Product (GDP – the broadest measure of economic growth), expanded by 4.6% in 2014. It’s also expected to grow by 3% – 3.5% in 2015.

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