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DEC: Eurozone debt crisis has no effect on UAE
- United Arab Emirates: Sunday, October 21 - 2012 at 02:37
The Dubai Economic Council (DEC) has said the UAE economy is immune from external economic shocks such as the European debt crisis as banks operating in the country are not exposed to European credit markets, Wam has reported. However, there are indirect effects that are often related to the flow of capital and investment, as well as bilateral trade, said Hani Al Hamli, secretary general of the DEC.
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