 United Arab Emirates: 2013 Article IV ConsultationInternational Monetary Fund No 2013/239, IMF Staff Country Reports from International Monetary Fund Abstract: This staff report on United Arab Emirates 2013 Article IV Consultation highlights economic policies and development. Against a backdrop of political stability, confidence has further increased, tourism has been firm, demand from expatriates from the broader region has increased, and capital inflows have strengthened amid high global liquidity. The real estate sector, which had been impaired since the 2009 crisis, has stabilized in Abu Dhabi and has started to recover in Dubai. Dubai aims to build on its early achievements in becoming a hub for retail and wholesale trade, as well as a major tourism and real estate investment destination for the wider region. It has announced plans for several new megaprojects in real estate and tourism. Keywords: ISCR; CR; Dubai; U.A.E dirham; rate; GRE; holding; Dubai government; liability positions vis-à-vis nonresident; GRE sector; Basel III liquidity norm; Oil prices; Real estate prices; Commercial banks; Fiscal stance; Global; Abu Dhabi government; government finance; loan concentration (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2013/239 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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