UAE to grow 3.1% in 2013, says IMF

The International Monetary Fund (IMF) has predicted that the UAE’s GDP will grow 3.1 per cent this year, as a result of economic, investment, trade, tourism and logistics activities.
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The fund expected that the non-oil sector will continue to prosper throughout 2013 with the aid of high levels of capitalisation and liquidity by the banking system in the UAE.
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An IMF delegation headed by Harold Finger met Younis Haji Al Khouri, Undersecretary of the Ministry of Finance (MoF) at its headquarters in Abu Dhabi to review the Report on Article IV Consultation on economy.
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The meeting highlighted the ministry’s most important achievements and the monetary policies supportive of the local economy that it issued in 2012.
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