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UAE economy to grow 4% in 2013: BoAML
- United Arab Emirates: Monday, April 22 - 2013 at 07:38
Bank of America Merrill Lynch (BoAML) has said the UAE economy is set to continue to grow at 4% this year, Khaleej Times has reported. The UAE central bank projected 4% economic growth in 2012 and 2013, said the US based brokerage, noting that the official plan to spend Dhs330bn over five years to increase oil production capacity could support hydrocarbon sector growth versus more pessimistic projections.
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