Economic outlook for the UAE surprisingly bright for 2012 « ArabianMoney

ArabianMoney editor and publisher Peter Cooper talks to Sandra Mergulhao from MyDubaiMyCity.com about the outlook for the UAE economy in 2012 and looks back over the events that shaped 2011.

With record oil revenues and a year of solid recovery behind it, the prospects for the UAE seem surprisingly bright and certainly shine out from the gloomy prospects for much of the Arab world as the economic consequences of the Arab Spring continue to be negative.

However, a messy end to the eurozone crisis could send oil prices tumbling, and that relatively high possibility is missing from this slightly too rosy view of 2012.

* username: rupertbu