Dubai economy grows by 3.4% in 2011
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Tue May 29, 2012 3:46 pm

UAE. Dubai's economy expanded by 3.4% in 2011, helped by strong trade flows and rising tourist numbers, Arif Obaid al-Muhairi, executive director of the Gulf Arab emirate's statistics office was quoted as saying on Tuesday.

One of seven United Arab Emirates saw its gross domestic product rise to AED306.2 billion (US$83.4 billion) last year from 296.1 billion in 2010, Muhairi was quoted as saying at Dubai Statistics Center's website.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. "In the final months of 2014, we expect further increases in occupancy rates, with the pleasant weather attracting more tourists, alongside the seasonal increase in events and conferences."
date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
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BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
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