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| 13 June, 2018

UAE's economy grew 0.8% in 2017

The oil sector declined by around 3% due to lower production levels, in line with the OPEC-led output agreement.

Image used for illustrative purpose.
Young businessman working in office, using laptop.

Image used for illustrative purpose. Young businessman working in office, using laptop.

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Abu Dhabi -  The UAE economy grew by 0.8% last year, due to the expansion in the non-oil sector, as shown by official figures on Tuesday.

The oil sector declined by around 3% due to lower production levels, in line with the OPEC-led output agreement.

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The growth of the second largest economy in the Arab World is expected to be supported by the rising oil prices and government spending this year.

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