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FINANCIAL NEWS
UAE non-oil sector growing rapidly, expanding abroad
10 Nov 2013
(MENAFN) Private and state owned companies in the UAE are more rapidly expanding abroad, Xinhuanet reported.
More companies in the UAE are expanding to the Middle East and beyond as the country’s economy is strong, allowing for companies to have the financial and operational capacity to expand.
HSBC stated that the non-oil private economy in the country has been expanding since mid-2011, and the global banking association IIF revised its growth forecast for 2013 to 4.7 percent from 3.9 percent.
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