Tue, 2023-09-26 15:07
RIYADH: The UAE is expected to achieve 3 percent economic growth in 2023 driven primarily by the non-oil sector, as outlined in a report by Standard and Poor’s.
The analysis from the ratings agency forecasts a further expansion rate of 4 percent next year.
S&P is bullish regarding the prospects of the UAE’s tourism industry, attributing its growth to the successful hosting of major events and activities.
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