UAE expects non-oil GDP to grow 4.2% this year


The UAE expects its non-oil GDP to grow by 4.2 per cent this year, Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said in Bengaluru on Saturday.
The minister made his remarks as head of the UAE delegation at the meeting of the first G20 finance ministers and central bank governors at the south Indian city.

In his remarks, Al Hussaini reiterated the importance of a globally coordinated multilateral action to promote climate finance, as well as strengthening joint international action to set goals and draw strategies that would achieve the best means of financing and investments needed to combat climate change and mitigate its repercussions.—Khaleej Times