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Abu Dhabi economy seen growing 4% in 2010

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 08 November 2009
ECONOMIC GROWTH: Abu Dhabi's economy is predicted to expand by 4 percent in 2010.
ECONOMIC GROWTH: Abu Dhabi's economy is predicted to expand by 4 percent in 2010.

Abu Dhabi’s economy may grow by about 4 percent in 2010, compared with 3 percent this year, Mohammed Omar Abdullah, the undersecretary of the emirate’s Economic Development Department, said on Sunday.

The UAE capital plans to create export and business centres next year to facilitate trade and promote small and medium-sized businesses, Abdullah told reporters in Abu Dhabi.

Federal legislation regulating corporations may be passed by the end of the year, which would ease laws governing foreign ownership of businesses, he said.


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“The federal law doesn’t refer directly to 100 percent ownership,” he added.

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    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
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    20 Nov ' 09 at 15:56
    Eid and National Day are two great occassions and very close to each other. It would be a great act for the UAE authorities to extend...   More  »
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    20 Nov ' 09 at 16:54
    Dubai unfortunate is not more in fashion, the bubble was big , the growing went fast and the down turn even faster.Many of my clients...   More  »

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