Industry / United Arab Emirates
Economy Helps Lift Vehicle Sales
October 2009 | BMI Industry ViewAlong with improved credit conditions, there are signs that the UAE economy overall is on the road to recovery. In August, the head of the UAE's central bank said he expects crude prices to rebound in 2010 and help the economy return to growth. The sharp fall in crude prices in the last year has been the main source of the decline in economic growth in the Gulf states, and consequently, auto sales.
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