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This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher...
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-related entities (GRE) risks, the authorities should complete restructuring of GRE debt and communicate their strategy by developing a …
Persistent link: https://www.econbiz.de/10014399062
the global economic slowdown, the shutdown of international capital markets, and the impact of the bursting Dubai property … activities. Executive Directors have welcomed the ongoing engagement with Dubai World’s creditors and stressed the importance of … a speedy, orderly, cooperative, and predictable approach to debt restructuring …
Persistent link: https://www.econbiz.de/10014406828
The 2007 Article IV Consultation on the United Arab Emirates (UAE) examines the near- and medium-term outlook, inflation, and fiscal policy. The rapid expansion is supported by an outward-oriented development strategy and sustained high oil prices. Reforms are under way to strengthen the...
Persistent link: https://www.econbiz.de/10014404997
An outward-oriented development strategy and prudent financial policies resulted in an impressive economic growth and led to a large accumulation of external financial assets. The major Emirates intend to leverage the favorable economic environment to carry out reforms that will encourage more...
Persistent link: https://www.econbiz.de/10014405385