''Growth will be aided by high public spending and ‘save haven’ status''. Emirates24/7
- High public spending due to
strong oil prices will ally with Dubai’s recovery and safe investment to boost
the UAE economy by around 3.3 per cent in 2013 despite an expected fall in crude
output, according to a key Saudi bank. The country’s real GDP
swelled by around 4.9 per cent in 2011 and 4.2 per cent in 2012 and growth will
likely remain relatively high this year while its fiscal system will continue to
record largely surpluses, Saudi American Bank group (SAMBA) said.