23.11.2010 - Abu Dhabi financial sector slows in 2009
From Emirates247.com: The global fiscal turmoil largely stifled growth in Abu Dhabiís financial sector despite massive support provided by the government. According to official data, gross fixed capital formation (local investment) in the banking and insurance sector grew by around 5.9 per cent in 2009 compared with as high as 29 per cent in 2008. The figures by the Abu Dhabi Department of Economic Development showed growth in the value added in the sector also slowed down to about four per cent last year from nearly 11 per cent in 2008..............................................Full Article: Source
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