Outlook for 2011-15The outlook for the domestic political scene will remain broadly stable, although there is a risk of the UAE becoming embroiled in the dispute over Iran's nuclear programme and being affected by the Arab regime crisis.The budget surplus will increase substantially in 2011 owing to a rise in oil prices, boosted by the unrest in the region, before narrowing in 2012. The fiscal acc
The government of Dubai has reached an agreement with the lenders to the Investment Corporation of Dubai (ICD) to refinance part of a US$4bn loan maturing in September this year. The deal provides the largest bank loan extended to a Dubai entity since the onset of the financial crisis and the emirate's property crash. It is divided into two tranches; the conventional portion of US$1.6bn priced at
