UAE - Mubasher: The UAE's non-oil gross domestic product (GDP) is expected to grow by 3.6% by the end of 2021, according to a report published by the Central Bank of the UAE (CBUAE).

The UAE has recorded a 2.6% growth in its domestic credit in the first ten months of 2020.

Previously, the CBUAE expected a 4.5% shrink in the non-oil economy during the second quarter (Q2) of 2020 due to the coronavirus (COVID-19) pandemic.

It is noteworthy to mention that in August 2020, the UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, approved economic recovery initiatives, including plans to raise economic growth rates and development of emerging sectors and employing technology.