Monday, February 11, 2013

Arab Spring fund flows to UAE exceed $8 bln -PM



DUBAI, Feb 11 (Reuters) - About 30 billion dirhams ($8.2 billion) of funds have flowed into the United Arab Emirates over the past two years from countries hit by the Arab Spring uprisings, the UAE's prime minister said on Monday.

"We received 30 billion dirhams from the Arab Spring...plus/minus," Sheikh Mohammed bin Rashid al-Maktoum, who is also Dubai's ruler, said in answer to a question by a member of the public at an open forum of government officials.

Large amounts of capital fled Egypt, Tunisia, Syria, Yemen and other Arab countries in search of safe havens after political and economic turmoil erupted in those countries in early 2011

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