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Islamic Finance Briefing - Categorized | Islamic Law / Economics, Performance more

UAE economy grew 7.4pc in 2008

Posted on 27 July 2009

From Tradearabia.com: The United Arab Emirates’ central bank said the country’s economy grew 7.4 percent in 2008, due to high oil prices and measures taken by the bank to support liquidity in the banking sector from September last year.

Inflation jumped to 12.3 percent in 2008 from 11.1 percent in 2007, as a result of property rental prices rising by 13.4 percent, the central bank said on Saturday in its annual report…………Full Article: Source

 
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