Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

UAE

UAEs Economic Growth Might Not Be Sustainable In 2009, Says NBK

The UAE economy is expected to register a positive growth rate in 2009, although much lower than the estimates for the past few years. Real growth would be sustained by a stronger performance of the non-oil sector compared to the energy sector, which is expected to fall as a result of cuts in OPEC production quotas. However, a report published by the National Bank of Kuwait...