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...
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