The UAE government’s surplus posted Dh28 billion in the first nine months of 2018, according to the latest figures released by the Federal Competitiveness and Statistics Authority. The surplus increase is attributed to the rise in the UAE government’s revenues, which hit Dh304.5 billion in 2018’s first nine months, an increase of 4.8 per cent compared to the same period of 2017.
The UAE’s gross domestic product (GDP) grew by 4.4 percent in the last quarter of 2018, driven by real growth in the non-oil sector, as well as the rapid growth in oil production, according to the latest estimates issued by the UAE Central Bank.