Despite rising inflation, the UAE's economy is on track for 4.2 percent GDP growth, according to the Central Bank

According to the UAE Central Bank's latest quarterly economic assessment, the UAE is on pace to reach the 4.2 percent growth predicted for 2022, even as inflationary pressures rise. It expects real GDP to grow by 2.3 percent in 2021, up from 2.1 percent previously predicted.

CBUAE maintained its real GDP growth predictions for 2022 at 4.2 percent, with non-oil real GDP and real oil GDP expected to expand by 3.9 percent and 5%, re....