There is a resurgence in the economy of the United Arab Emirates, said a top official, adding that it is the safe haven of the region and a sound place for global investors, particularly from the Euro zone and Asia.
Khalaf Ahmad A
The United Arab Emirates' economy should grow by 3.3 percent this year, a tad higher than previously forecast, but regional turmoil may put pressure on local companies, the International Monetary Fund said.
The IMF predicted in October
The UAE is expected to emerge from the recession this year with real gross domestic product growth of 2.5 per cent driven by strong growth in Abu Dhabi.
That is the conclusion of a major report on the UAE by financial services group Shuaa
UAE’s Minister of Economy said the UAE economy has proven its strength in the times of crisis and prosperity, on the occasion of UAE National Day.
“Concerted efforts to diversify the economy and a policy of openness adopted by the UAE’s le
The United Arab Emirate's economy, the Arab world's second-largest, is expected to grow 1.3 per cent in 2009, the oil exporter's economy minister said in remarks aired on Wednesday.
"This would be a good figure," Sultan bin Saeed al-Mansou
The United Arab Emirates is poised for a more abrupt slowdown in economic growth than its Gulf Arab neighbours, as job cuts batter demand in the property and service industries which had enjoyed a six-year boom.
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