From Maktoob.com: An economic recovery in the UAE is not expected to take shape this year as the impact of the Dubai debt crisis lingers, hindering an already weak credit market and further bruising already shaky investor confidence in the region’s leading financial city, experts say.

The International Monetary Fund on Tuesday said the UAE will grow zero to 1 percent this year, a significant downward revision to its 3 percent growth forecast given before the Dubai debt crisis hit in late November…………………………………..Full Article: Source