From Tradearabia.com: The United Arab Emirates economy may contract this year but its performance depends largely on the global economy in the second half of 2009, economy minister Sultan bin Saeed Al-Mansouri said on Thursday.

His comments echo a prediction by the central bank governor this week that the once-booming economy of the world’s fifth-largest oil exporter could shrink as it cuts crude output and non-energy sectors face a slowdown……Full Article: Source