The United Arab Emirates (UAE) saw revenue increase 31.8% in revenue in 2022, its finance minister said on Sunday, supporting an overall fiscal surplus last year.
One of the Gulf's most diversified economies, the UAE has been developing its non-oil sectors, focusing on areas such as trade, tourism, manufacturing and logistics and financial services.
Spending increased 6.1% in 2022 on the year to stand at about 427 billion dirhams ($116 billion), state news agency WAM said, citing the finance minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum.