Sat, Jul 26, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Market Moves, Performance more

UAE’s wealth cushions impact of crisis

Posted on 09 December 2008

From Saudigazette.com.sa: UAE will be able to dodge a severe blow from the global economic crisis as the country is viewed to still maintain fiscal surplus in 2008 and 2009 since it has the lowest break-even oil price in the GCC of $23 (Dh84.48) per barrel against the IMF’s baseline petroleum price projection of $68 per barrel for 2009.

According to IMF estimates, inflation is expected to drop to 10.8 percent next year from 12.9 percent this year, while the current account surplus would reach $55.3 billion against $60.9 billion in 2008….. Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031