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Dubai economy grows 4.1pc y/y in Jan-June

dubai stocks 400DUBAI: Dubai's economy grew 4.1 percent year-on-year in the first half of this year when adjusted for inflation, with most economic sectors expanding, Arif Obaid al-Muhairi, Executive Director at Dubai Statistics Center, said on Monday.


Real gross domestic product rose to 161.5 billion dirhams ($44 billion) in January-June, he said.


The economy of Dubai, one of seven members of the United Arab Emirates, expanded 3.4 percent in 2011, helped by strong trade flows and rising tourist numbers.


Copyright Reuters, 2012



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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln