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Tuesday, November 10 - 2009

Inflation is UAE's top enemy

  • United Arab Emirates: Sunday, January 27 - 2008 at 06:52

Abdul Aziz Abdullah Al Ghurair, speaker of the UAE Federal National Council, said inflation is the UAE' biggest enemy and the country must control rising prices with steps such as curbing lending to overheated sectors, reported Reuters. Al Ghurair also said revaluing the dirham exchange rate stirs speculation the government will change policies every time the dollar falls.

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