Iran Sanctions To Curb Re-Export Sector

The release of full year 2010 balance of payments data for the United Arab Emirates reflects a marked improvement in the country's external accounts, with the economy having posted a current account surplus to the tune of AED41.2bn (approximately 3.6% of GDP), up 43.2% year-on-year. This came on top of a recovery in the financial account which posted a surplus of AED7.4bn, compared to a deficit of AED35.6bn in 2009, and resulted in a boost to the central bank's stock of foreign reserves of AED26.9bn (approximately US$7.3bn).

To read the full article, please choose one of the following options: