BMI View: We retain a positive growth outlook for the UAE’s IT market, despite a weaker economic outlook in H213. We expect overall economic growth to slow in the second half of the year as net exports fall on the back of lower oil prices during that period. However, we expect the impact of this development on the IT market to be counterbalanced by positive consumer and business sentiments towards the country, as evidenced by notable improvements in the real estate and equity markets. We also retain our view that government spending will increase by 3% in 2013, a situation …
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