The United Arab Emirates' economy is expected to grow by 4.2 per cent in real terms this year, much faster than in 2010, helped by robust oil prices, the National Bureau of Statistics said on Tuesday citing preliminary data.
The world's No. 4 oil exporter's real gross domestic product expanded by 1.4 per cent in 2010 as the property sector remained weak and bank lending slow following a $25 billion restructuring.