Revenues rose 35.6% from January to end-September 2022 to 453.7 billion dirhams on the back of “strong oil and non-oil growth and favourable oil prices”, the Central Bank of the UAE said in a report. Total spending was up 5% year-on-year to 248.1 billion dirhams in the nine-month period. Capital spending – measuring net investment in non-financial assets – fell nearly 20% to 10.9 billion dirhams.
