Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

UAE

UAE Resources Will Bolster Domestic Economy, HC Says

The UAEs ample resources and rising oil prices should allow the government to continue supporting the domestic economy through increased expenditure, avoiding a W-shaped recovery, according to HC Securities and Investment. The 2010 budget of Dh43.6bn ($11.9bn), the largest in UAE history, highlights the ongoing willingness of the UAE government to support domestic growth, said HC in...