Middle East Economic Survey
UAE Posts Lowest Annual Inflation Figure Since 1990
Inflation in the UAE fell by 0.9% for 2010 to its lowest annual level since 1990. Consumer price growth was close to 1% for most of 2010 as Dubais debt problems curbed the countrys recovery and limited banks lending appetite. This compared with 1.6% consumer price growth in 2009. However, figures from the National Bureau of Statistics showed that UAE consumer prices rose 1.7% on an...