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UAE reports higher economic growth in 2013

June 9, 2014 12:30 pm

The UAE’s National Bureau of Statistics has said the country’s economic growth rose to 5.2% in 2013 from 4.4% in the previous year, Reuters has reported. “One of the most important factors contributing to the improvement of the 2013 GDP growth…was the development of oil output and a good and stable level of oil prices in general during last year, when the average oil price reached nearly $108 per barrel,” the statistics office said.