Revista de negocios Edición #22 FEBRERO Y MARZO INGLES

Revista
de Negocios
con Visión
POLITICS IN DUBAI
National council is responsible for
reviewing laws proposed by the
government there is also a federal
judicial system, with has been joined by
all states except Dubai and Ras Aljama.
All emirates impart Islamic and secular
law for anvil, criminal and macaquiense
cour cases.
The government of the emirates
comprises a policy of fiscal easing, which
has allowed economic recovery
structural reform intensified, along with
the announcement of a new plan for
fiscal stimulus over the next three years
and increased public investment ahead
of the 2020 world expo. It is expected
that the authorities may gradually
return to a policy of fiscal consolidation
as private sector activity picks up.
The overall fiscal balance is forecast to
return to a surplus from 2020 onwards
and should remain positive after this
date. Higher oil revenues in the first half
of 2018 allowed government deposits to
rise rapid and the banking system and
private credit growth.
The Banks profitability has all also
increased rates, however,
non-performing loans, now representing
a larger share in the total loan
combination the increase in oil stocks
until the first half of 2018 also allowed
the current account surplus to increase
to 6.9% of GAP in 2017 and them 7.2 in
2018.
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