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Email this article: UAE swings into US$11 billion fiscal surplus in 2011, says IMF
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Posted: Sun June 10, 2012 10:03 pm
UAE. The United Arab Emirates' public finances swung into a surplus of 2.9% of economic output in 2011 after two years of deficits as robust oil income offset an increase in government spending, a report by the International Monetary Fund showed.
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INTERNATIONAL. Saxo Bank has published its Q2 outlook warning investors of the end to the current cycle of "extend and pretend" as the planned economy model of the past eight years comes to breaking point.
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