United Arab Emirates: 2013 Article IV Consultation

July 30, 2013

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United Arab Emirates: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Also available in: العربية

Summary

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

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/239
Stock No:

1AREEA2013001
ISBN:

9781484389157
ISSN:

1934-7685

Notes

Also Available in Arabic

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