A remarkable 21.5 per cent jump in Dubai’s corporate earnings year-to-date has propelled the GCC aggregate corporate earnings growth to 12.1 per cent, data released by a leading global financial group revealed on Monday.

Dubai’s corporates recorded the highest rate of growth in the GCC. Compared to the growth rate of 6.5 per cent in 2017, corporate earnings in Dubai recorded an exceptional surge to account for 8.5 per cent of the emirate’s gross domestic product, according to data provided by MUFG Bank.

UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)

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