The UAE’s nominal GDP is inclined to grow by about 14 percent to 559.3 billion dirhams this year from 491 billion dirhams last year, which according to an International Monetary Fund (IMF) report makes it the second biggest Arab economy after Saudi Arabia.
Fuelled by huge oil revenues, the 13.91 percent growth would make the UAE the fastest growing economy in the world, bypassing Asian giants China and India. According to Arab News, the UAE’s GDP represents some 10 percent of the Middle East and North Africa’s $1.53 trillion GDP, the IMF data indicates.
