This year the main theme on the minds of governments, investors, businesses and the public will be the same - the economy, stupid.
We begin on the home front ...
Abu Dhabi's GDP is estimated to grow at an average annual rate of 5.7 per cent between next year and 2016, Mohammed Omar Abdullah, the undersecretary of the Abu Dhabi Department of Economic Development, said recently in the capital.
A litmus test for Dubai's recovery will emerge next year and in 2014 in the shape of nearly US$42 billion (Dh154.26bn) in debt repayments coming due. How Dubai tackles this issue will provide the clearest sign yet of whether the emirate is firing on all cylinders again.
We begin on the home front ...
Abu Dhabi's GDP is estimated to grow at an average annual rate of 5.7 per cent between next year and 2016, Mohammed Omar Abdullah, the undersecretary of the Abu Dhabi Department of Economic Development, said recently in the capital.
A litmus test for Dubai's recovery will emerge next year and in 2014 in the shape of nearly US$42 billion (Dh154.26bn) in debt repayments coming due. How Dubai tackles this issue will provide the clearest sign yet of whether the emirate is firing on all cylinders again.
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