Country Forecast.

The article presents an economic and political forecast for United Arab Emirates. Tighter credit conditions has impacted a number of non-oil development projects in Abu Dhabi. The central bank has revealed that 10.6% of outstanding loans are connected with construction projects with the quality of those loans facing uncertainty until a stabilization in real estate prices is seen. A new mortgage law has been introduced by Dubai due to investigations into the business dealings of senior officials and executives.