OPEC: UAE economy grows in 2022

July 12, 2022 / 10:14 PM

Sharjah 24: According to the Organisation of Petroleum Exporting Countries (OPEC) , the United Arab Emirates' economy is expected to continue to grow in the first half of 2022.

A spokesperson from the organisation has affirmed that the UAE's economy will continue to develop well in the first half of 2022, since limitations connected to the "Covid 19" pandemic have been eased and crude oil prices have risen significantly above the average.

There has been an improvement in confidence in the UAE's economic future, especially as demand in the tourist sector continues to rebound around the world, according to the organization's monthly report released on Tuesday.