UAE tipped to resume growth

Economic growth will resume soon in the UAE, its central bank governor has said.

Sultan Nasser al Suweidi commented: "There will not be growth at high levels but there will be growth," stating that the improvements in the world economy will aid the recovery in the county.

He also said some banks will still have bad loans to deal with, although one economic problem that will not be an issue is inflation, which he tipped to stay low.

The prediction may suggest those investing in property in the UAE this year could be timing their purchase well, as the renewal of growth could see its value rise.

Dubai may be hoping that it gains a boost from the opening this week of the Burj Khalifa, the tallest man-made structure in the world.

Known as the Burj Dubai until it was renamed after the ruler of Abu Dhabi - who authorised funding to help Dubai through its recent financial crisis - the building was completed this week and officially stands at 2,716 ft high.