Middle East Economic Survey
VOL. LII
No 30
27-Jul-2009
UAE
UAE To See Economy Contract 1% This Year, Says Samba
A recovery in oil prices, a rally in global equity markets and a limited improvement in external financing conditions have provided relief to the UAE economy during the first half of 2009, according to Sambas latest report, The UAE: 2009 Mid-Year Economic Update. However, the UAE economy continues to face challenges due to tight liquidity and reduced investment activity, particularly in...
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