Arab Today, arab today uae\s economy will blossom
Last Updated : GMT 06:44:27
Arab Today, arab today
Arab Today, arab today

UAE\'s economy will blossom

Arab Today, arab today

Arab Today, arab today UAE\'s economy will blossom

Dubai - WAM

A set of indications show that the UAE's economy will blossom despite the US crisis, the doldrums in Europe and a slowing China, according to an editorial published by Khaleej Times on Friday. ''The Institute of International Finance's assessment that the UAE's GDP is growing by 4.7 per cent in 2013, up from the earlier estimate of 3.9 per cent, comes as no surprise. There have been several indications that the economy would blossom despite the US crisis, the doldrums in Europe and a slowing China. On one hand some of the tigers of world economy have taken a beating from the global slump,'' the Dubai-based paper said. ''The US growth rate has been confined to around 2.3 per cent from the earlier 2.6 per cent, India saw its growth downgraded to 4.7 per cent from 6.1, and Japan was pegged at an average 2 per cent growth, despite prime Minister Shinzo Abe's economic rehaul. But the UAE's economy, on the other hand, has accelerated due to higher government spending in Abu Dhabi, and higher trade, tourism and transportation in Dubai as well as the capital,'' it added. ''The Ease of Doing Business report, released on Tuesday, provided a reason for the Emirates' stalwart performance. The survey by the World Bank Group, ranking 189 economies, saw the UAE topping in the Arab world and up three places in the world order, placed 23rd. The group said the UAE was one of the world's best places to do business in for a variety of reasons. They range from the ease with which a venture can start rolling, getting electricity, paying taxes, and trading across borders.'' ''The inauguration of Al Maktoum International Airport in Dubai this week is a significant development that will add to the growth in 2014 and beyond, strengthening transport and tourism. However, the icing on the cake would come if Dubai wins the bid to host Expo 2020. The run-up years to the event would start to see the benefits, with investments pouring in, and infrastructure improving. 'The property market, one of the Emirates' key economic boosters, has already started witnessing a boom, thanks to the Expo fever. The Global Property Guide said prices rose nearly 18 per cent in the second quarter of the year and Dubai was accorded the top spot among 42 cities. While some organisations like the International Monetary Fund have urged for regulatory measures, fearing a market crash like in 2008, others like Standard Chartered Bank have discounted the fears, saying there are no bubbles, it's the improvement in the economic fundamentals that is driving the property market.'' Finally, Khaleej Times concluded by saying that ''while not hit by the turbulence in the region, the UAE would be benefiting from the positive developments in its neighbourhood. Just as the benefits of a World Expo in Dubai would percolate down to the GCC region, Qatar's hosting World Cup 2022 is also expected to give a friendly impetus to the UAE growth saga.''

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae\s economy will blossom Arab Today, arab today uae\s economy will blossom

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday