Thursday, 17 January 2013

UPDATE 1-UAE economy grew some 4 pct in 2012, seen steady in '13 | Reuters

The United Arab Emirate's economy is estimated to have grown by around 4 percent in 2012, little changed from the previous year, and a similar clip is seen in 2013, its Economy Minister said on Thursday.

"I am waiting for the (gross domestic product) figures (from last year) ... but the estimate will be hovering around plus 4 percent," Sultan bin Saeed al-Mansouri told reporters on the sidelines of a ministry event.

"I think this year will be the same as there are no major changes, changes in oil prices or the general situation of the world economy so that is an indication it will hover around the same percentage," he said.
UPDATE 1-UAE economy grew some 4 pct in 2012, seen steady in '13 | Reuters

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