Thursday 7 November 2013

Dubai economy on course to grow at fastest rate in six years | The National

Dubai economy on course to grow at fastest rate in six years | The National:

"Dubai’s economy is on course to grow at its fastest rate in six years, underpinned by trade, tourism and manufacturing.

It follows the release yesterday of official data showing GDP accelerated 4.9 per cent to reach Dh169 billion in the first half of the year.

Growth reached 4 per cent in the same period of last year, said Dubai Statistics Centre.

The strength of expansion in hospitality and manufacturing was a surprise, according to Khatija Haque, the senior economist of Emirates NBD."

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