UAE non-oil growth to accelerate in 2018

The country’s non-oil sector is expected to grow 3.5 per cent next year

The non-oil sector of the United Arab Emirates economy is expected to grow 3.1 per cent this year, accelerating to 3.5 per cent next year, central bank governor Mubarak Rashid al-Mansouri said on Sunday.

Speaking to a meeting of Arab central bank governors, he said the UAE economy was enjoying sustained growth despite low oil prices because it was diversified.

Gulf Business