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IMF raises UAE, Saudi, Qatar, Kuwait forecasts

12 April 2011

The International Monetary Fund has raised GDP forecasts for the UAE, Saudi Arabia, Kuwait and Qatar in its World Economic Outlook, The National has reported. "The UAE will be a net long-term beneficiary," Farouk Soussa, the chief Middle East economist of Citibank said. "Due to its relative political stability, we believe there is a possibility of a diversion of commercial, investor and tourist activity from less stable parts of the region."

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