Wednesday, Feb 15, 2012
0630 GMT [Zawya Dow Jones]--Marios Maratheftis at Standard Chartered Bank expects Dubai's economy to grow 2.4% this year. "Growth for Dubai will be slightly slower in 2012 compared to 2011...due to the challenging global economic environment, but I think its the year when Dubai will show resilience," he says. Earlier Wednesday, the chairman of Dubai's Supreme Fiscal Committee said the city-state's economy is expected to have grown by 3% in 2011 and Dubai is hoping this will increase to 4.5% this year. Maratheftis says Dubai's "economy won't be booming at a time when there are serious problems in EU and in U.S. to some extent." (leila.hatoum@dowjones.com)
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(END) Dow Jones Newswires
15-02-12 0634GMT
