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Tag Archives: GDP

Explainer: Key boosters for UAE’s GDP growth

UAE’s recent moves related to various economic support packages  include: ■ Sweeping visa, labour policy changes ■ Moves to support small and medium enterprises (SMEs) ■ Programmes to boost population and employment growth ■ Reducing business costs ■ Strengthening the investment environment Dubai: The UAE government’s recent move to expand public spending in the context …

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Panama seeks to use Dubai to open up region

“The sky is the limit in trade when you have new technology,” said Panama president Juan Carlos Varela as he outlined his vision for hub-to-hub trading between Dubai and Panama. Closer ties would open up Latin American markets to firms operating out of and through Dubai and the UAE — …

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Morocco loosens currency peg to attract investors

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the dirham to fluctuate 2.5 per cent above or below its …

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