Wednesday, 30 March 2011

Bank says UAE will come through regional unrest intact - The National

The UAE is one of only two states in the Mena region that will be virtually unaffected by the economic fallout from the political turmoil that has hit the area, according to HSBC.

In a report written by the bank's economic analysts in Dubai, HSBC says that, along with Qatar, "confidence in political stability and security remains undimmed" in the UAE.

The country could even benefit from the turmoil. "The problems being experienced elsewhere may offer the economy some support by strengthening its claim to be a safe haven and natural hub in a wealthy but volatile region," said the bank.

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