Monday, March 16, 2009

Emirates National Bank of Dubai

This morning (day three) we got an early start to travel north to
Emirates National Bank, which overlooks Dubai Creek. We received a
presentation by the Head of Investor Relations about an Economic
Update on the UAE and Dubai.

Our speaker informed us that they are forecasting positive GDP growth
at about 1.5% for this year. Additionally, there has been a sharp
decline in inflation, which is also good.

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