| From Business24-7.ae: An average oil price of $85 (Dh312) per barrel will help the UAE economy expand by as much as 3.2 per cent in 2010, UAE Minister of Economy Sultan bin Saeed Al Mansouri said yesterday. This is in contrast with the International Monetary Fund's (IMF) forecast of 1.3 per cent growth for the country this year.
"It is expected that the price of oil will fluctuate in the $70 to $90 range in the short run," the National Bureau of Statistics (NBS) said in the government's annual economic report released yesterday...........................................Full Article: Source |