DUBAI - The United Arab Emirates' economy grew 4.3% year-on-year in the fourth quarter of 2023, preliminary government data showed, with non-oil economic growth vastly outperforming overall GDP.
The Gulf state has also intensified investments into sectors such as renewable energy and advanced technology. The International Monetary Fund said in a recent statement that economic growth in the UAE was broad based, and driven by solid domestic activity in sectors such as tourism, construction and financial services.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: