Crude buoys UAE economic growth

Cheok Soh Hui
March 2007
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p14
Trade Publication
The article reports on the role of high crude oil prices in the economic growth of the United Arab Emirates in 2006. Nominal GDP is a measure of the country's production of goods and services at current prices. Oil price increases led to high oil revenues and greater government spending. The country owns 8% of the world's proven oil reserves.


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