uae economy

Essay specific features

 

Issue:

Book Reports

 

Written by:

Thomas H

 

Date added:

July 3, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1771

 

Was viewed:

9415 times

 

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Essay content:

In terms of real GDP, early estimates from MOE indicate that the UAE economy grew by 7.4% in 2007 to reach AED420.2bn. Oil prices continued to surge in 2007 with average oil prices increasing to US$69.1/b from US$63.5/b recorded in 2006. However, there were production cuts from OPEC and heavy maintenance work at the end of the year because of which oil production had come down in 2007...
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However, there were production cuts from OPEC and heavy maintenance work at the end of the year because of which oil production had come down in 2007. As a result of the above, the total value contribution in absolute terms from this sector is expected to have increased marginally by 9.4% to reach AED244...
displayed 300 characters

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