Sunday 11 November 2012

UAE GDP growth seen at 3.5-4 pct in 2012 - Econ min | Reuters

The United Arab Emirates' economy is expected to grow between 3.5 percent to 4 percent in 2012, the country's economy minister said on Sunday.

"Our forecast, and I always been very cautious when it comes to these figures because we have the fourth-quarter still unfolding, is 3.5 percent this year or between 3.5 and 4 percent," said Sultan bin Saeed al-Mansouri, speaking ahead of world economic forum discussions in Dubai.

"That means good growth at a time when numerous economies are suffering across the world," Mansouri said.

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