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Slowing down? UAE 2012 growth expected to drop to 3 percent

Real GDP grew 4.2 percent in 2011, most since 2006; Oil prices seen floating between $80-100/barrel – Economy Minister; Economy more resilient, bank lending sluggish

June 5, 2012 11:13
 
UAE-economy-minister-cuts-2012-GDP-growth-outlook

UAE economy minister cuts 2012 GDP growth outlook

The United Arab Emirates' economy minister cut his forecast for the country's gross domestic product growth this year, predicting expansion of around 3 percent, after a sharp fall in global oil prices over the last several weeks.

June 4, 2012 5:36
 
IEA cuts 2012 oil demand growth forecast yet again

IEA cuts 2012 oil demand growth forecast yet again

Global oil demand will grow by less than 1 percent in 2012, the International Energy Agency (IEA) said on Friday, cutting its oil growth demand forecast for a sixth consecutive month due to a weak global economy.

February 11, 2012 6:13
 
UAE inflation remains at 0.9 percent in 2011

UAE inflation remains at 0.9 percent in 2011

Inflation in the United Arab Emirates remained at 0.9 percent on average in 2011, unchanged from the previous year and well below analysts' forecasts, data showed on Wednesday. The rate was the lowest since the Gulf War started in 1990.

January 18, 2012 1:56
 

Qatar 2012 outlook positive but growth to slow, says IMF

IMF sees risk of lower oil, gas prices; Says Qatar should develop local bond market; 2011, 2012 inflation forecasts cut slightly

December 18, 2011 11:42
 
Kazakhstan seeks to boost grain, beef exports

Kazakhstan seeks to boost grain, beef exports

Iran and Arab states are expected to switch from buying exports from Russia to Kazakhstan despite droughts last year. Foreign minister declined to give estimates on growth.

May 19, 2011 2:48
 

Abu Dhabi’s NBAD Q1 profit falls 10 pct on provisions

NBAD cites rise in provisions for Q1 decline; Non-performing loans rose to 3.77 bln dirhams

April 19, 2011 2:49
 

IMF: Growth to slow

Rising risks will cause pace of growth to slow, according to latest forecast.

July 8, 2010 9:26
 

Saudi economy forecast to grow 4 percent in 2010

Saudi Arabia is projected to record a four-percent growth this year on the back of government spending and higher oil production, says the Business Optimism Index (BOI).

May 23, 2010 2:11