U.A.E. Sees 2012 GDP Growing at Least 4%, Won’t Lend IMF More - Businessweek

The United Arab Emirates, the second-biggest Arab economy, expects gross domestic product to expand “at least” 4 percent in 2012, Economy Minister Sultan al-Mansouri said.

“Under the circumstances, this is healthy, this is good,” al-Mansouri said in an interview in Davos, Switzerland, where he is attending the World Economic Forum.

Asked if the U.A.E., home to 7 percent of the world’s oil reserves, would boost the resources of the International Monetary Fund to avert a global slowdown, al-Mansouri said: “This issue, we are not part of it right now. We have to address issues in our region, our country.”

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