Ducoire predicts continued UAE economic recovery
- United Arab Emirates: Monday, September 17 - 2012 at 12:25
According to the latest report released by Ducoire, strong economic recovery of the UAE since 2011 is expected to continue, boosted by non-hydrocarbon sectors, Kuna has reported. High energy revenues are benefiting the federation from a strong external financial position, which have mostly been accumulated in Abu Dhabi's sovereign wealth fund. "This helped the country benefit relatively from the events that have been shaking the region during the past year and a half. Meanwhile, the debt restructuring of government-related entities is proceeding, although refinancing challenges of these entities remain," said the Belgian finance house.
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