UAE economy slows as government targets financial crime

Risk Management Reports
Issue 1175 - 01 Sep 2023 | 3 minute read

Risk Grade A1↓

Slowing growth: The UAE economy grew by 3.8% in Q1 2023, compared to Q1 22, according to Federal Centre for Competitiveness and Statistics data issued in early August. GDP was AED418.3bn ($113.9bn) in the January-March period, when non-oil GDP expanded by 4.5%.

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