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Special Features
UAE GDP Likely To Grow 2% In 2010
The Arab Monetary Fund (AMF) expects the UAE gross domestic product (GDP) to grow by two per cent this year against a contraction of one per cent over 2009. The periodical bulletin of the Arab Capital Markets performance and economic indicators for the first half of the year said that developments in the Abu Dhabi Securities Exchange and Dubai Financial Market indicated that the consolidated budget, based on the current oil prices, would register a total surplus of Dhs 14 billion as compared to last year, or an equivalent of 6 per cent of the GDP.
UAE Companies Exploring More Trade Opportunities In South America
As a result of the UAE trade mission, headed by Dubai Department of Economic Development (DED), Government of Dubai, and its agencies, to South America early this year, new business opportunities particularly in exports of products and services were explored by local companies.
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