UAE’s GDP grew 3.7% in first half of 2023, supported by non-oil sector

The United Arab Emirates (UAE) reported a 3.7% increase in its gross domestic product (GDP) for the first half of the year, with non-oil sector growth surging by 5.9%. The non-oil sector now accounts for over 70% of the UAE’s GDP, reflecting the country’s efforts to diversify its economy away from oil and toward knowledge-based industries.

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