| Kippreport.com

UAE business activity at 15-month low

September 7, 2011 3:08 by Reuters

…a three-month low of 1.3 percent in July.

The UAE, the world’s No.4 oil exporter, became an investor safe haven over past months with protests sweeping through much of the Arab world, including nearby Oman, Bahrain and Yemen.

Analysts polled by Reuters in June expect the UAE economy to expand by 3.7 percent this year after a 1.4 percent rise in 2010.

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Tags: UAE, UAE business, UAE business growth, UAE economy