No. 06



UAE Records 1999 GDP Growth Of 10%

According to UAE Planning Minister Humaid bin Ahmad al-Mu'alla, the countrys economy recorded impressive growth of 10% in 1999 on the back of soaring oil prices. Local media reports on 30 January quoted the minister as saying that in comparison to the previous years negative growth of 5.5%, the UAEs GDP had risen to Dh190.4bn ($51.83bn) in 1999 from Dh173bn ($47bn) in 1998. For the year 2000 a growth rate of 7.1% has been...