| 16.07.2009 - UAE economy to contract 1% |
| From Kuwaittimes.net: The economy of the United Arab Emirates is likely to contract 1 percent this year, led by a decline in its oil sector as it implements OPEC production cuts, Samba Financial Group said. Economic growth in the Gulf Arab oil exporter would likely recover to nearly 3 percent in 2010 as global conditions improve and oil production recovers, the Saudi-based bank said in a research note.......Full Article: Source |