Tuesday 8 October 2013

Oil output helps Abu Dhabi economy grow 5.6% last year | The National

Oil output helps Abu Dhabi economy grow 5.6% last year | The National:

"Growth in oil output helped Abu Dhabi’s economy to expand 5.6 per cent last year, according to the latest data.

Manufacturing and property were the other big drivers of overall growth during the year, showed data released yesterday by Statistics Centre Abu Dhabi (Scad).

It followed growth of 9.3 per cent the year before, according to the data.

Abu Dhabi’s economy has been supported in the past two years by higher oil output as production was ramped up to compensate for cuts to Libyan output in 2011 and last year for the dip in Iran’s exports as a result of international sanctions."

'via Blog this'

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