Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Uae

UAE Economy Enjoyed Broad-Based Growth In 2004, Says IMF

The UAE economy enjoyed a year of strong broad-based growth in 2004 reflecting higher oil prices and production, strong investor confidence and a significant increase in foreign direct investment, the IMF has said following recent article IV consultations. The non-hydrocarbon sector saw real growth of 10% led by manufacturing and, services and construction, while real growth in...