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Arab economy

UAE sees first annual deflation in 20 months

Consumer prices in the UAE dipped by 0.1 percent on an annual basis in October, their first decline in 20 months, and rose 0.4 percent from the previous month helped by a jump in food costs, data from the National Bureau of Statistics showed on Monday.

November 21, 2011 2:26
 
Poll shows GCC growth expected to slow in 2012

Poll shows GCC growth expected to slow in 2012

Economic growth in key Gulf Arab states will slow markedly next year because of a sluggish global economy but remain well above recessionary levels.

October 1, 2011 1:26