Tuesday 12 April 2011

IMF raises outlook for UAE economy - The National

Instability across the region has led to an unexpected boost for the UAE economy, with higher oil revenues, more tourists and greater foreign investment forecast.

A brighter outlook for the UAE contrasts with bleaker prospects this year for those countries hit by protests and strife.

Bahrain, Yemen, Egypt, Tunisia and Libya are expected to have sharply lower expansion or even contraction in some cases because of recent turmoil.

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