UAE economy is expected to have its greatest expansion in 11 years with an 8.2% first-quarter growth

The central bank anticipates GDP growth of 5.4% this year and 4.24% in 2023.

Due to increasing oil prices and efforts to lessen the effects of the Covid-19 outbreak, the UAE economy expanded by 8.2% in the first three months of this year, marking the country's greatest quarterly growth since 2011.

The UAE Central Bank stated in its most recent Quarterly Economic Review 2022 that growth in the first quarter was driven by....