Middle East Economic Survey


No 24



Dubai To Offset Abu Dhabi-Led UAE Growth, Samba Says

Growth prospects in the UAE for 2010 and 2011 are mixed, Samba Financial Group has said in a new report, as strong oil revenues and increasing public investment in Abu Dhabi are offset by concerns over Dubais debt burden, a weak real estate market, and strains on corporate and retail balance sheets. However, overall finances remain healthy and consolidated fiscal accounts are projected...