United Arab Emirates: 2013 Article IV Consultation
July 30, 2013
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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.
Subject: Commercial banks, Financial institutions, Fiscal policy, Fiscal stance, Oil prices, Prices, Public debt, Real estate prices
Keywords: Abu Dhabi government, Basel III liquidity norm, Commercial banks, CR, Dubai, Dubai government, Fiscal stance, Global, government finance, GRE, GRE sector, holding, ISCR, liability positions vis-à-vis nonresident, loan concentration, Oil prices, rate, Real estate prices, U.A.E dirham
Pages:
44
Volume:
2013
DOI:
Issue:
239
Series:
Country Report No. 2013/239
Stock No:
1AREEA2013001
ISBN:
9781484389157
ISSN:
1934-7685
