UAE Central Bank Governor sees inflation at around 2 percent in 2012
The UAE's central bank is not worried about inflation this year, predicting it could average around 2 percent, its governor Sultan Nasser al-Suweidi said on Monday.
January 23, 2012 2:40 by Reuters
“There are no reasons to worry about inflation at this point in time because the sources of inflation are under control,” he told Reuters on the sidelines of an Islamic finance conference in the Omani capital.
“As long as the real estate sector is under pressure, it (inflation) is not likely to go up, hovering around 2 percent in 2012,” he said.
More on GCC
-
Saudi Arabia confirms another death from SARS-like virus
-
Prepaid cards available across the UAE
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
Lately on Kipp
-
‘Renewable energy absolutely necessary’ – Saudi
-
NEC Display Solutions launches Full HD 3D ready compact meeting room projector
-
Saudi Arabia confirms another death from SARS-like virus
-
When Marketing Academia Met (& Meant) Business
-
Real cost of sending your child to a Dubai school
-
BurgerFuel rockets its way across Dubai
