The UAE's GDP in 2022 at constant prices totaled AED1.62 trillion ($440 billion), achieving a positive growth of 7.9%, while totaling AED1.86 trillion ($506 billion) at current prices, an increase of more than AED337 billion ($91.7 billion) compared to 2021, achieving a growth of 22.1%.
The Oman Investment Authority (OIA) announced the allocation of 100 million Omani riyals (about $260.8 million) to support the Muscat Stock Exchange through the Liquidity Fund initiative, which is launched by the body in cooperation with the National Program for Financial Sustainability and Financial Sector Development. Aown bin Abbas al Bahrani, director general of public markets investment at the OIA, said that the Liquidity Fund Initiative is a portfolio worth 100 million Omani riyals to support market-makers and liquidity providers on the Muscat Stock Exchange.
The UAE s gross domestic product GDP for the FY 2022 (at constant prices) surged by 7.9% to hit AED1.62 trillion ($431 billion), thanks to the positive contribution from innovative economic initiatives related to non-oil sectors, said a report.
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The UAE GDP grew 7.9 per cent to Dh1.62 trillion at constant prices in 2022, driven by strong expansion of all vital sectors in the post-pandemic recovery,..