UAE economy to grow in 2011

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08-May-2011

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The United Arab Emirates’ economy is expected to grow by 4 to 5 percent this year and the oil producer saw no significant change in capital flows due to regional unrest. The world’s third-largest oil exporter has escaped a regional wave of protests against autocracy and economic hardship, which boosted its safe haven status. Furthermore, UAE is linked to many, many other economies, other than just certain economies. Hence, the growth rate will stay at forecasted between 4 and 5 percent this year.

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