The UAE’s gross domestic product is expected to increase by 2.25 percent this year as the country rallies against the global financial crisis.

“It is clear skies after the overcast conditions that followed the global financial crisis. Green shoots are visible all over and the outlook is essentially positive,” said the UAE minister of economy HE Sheikh Sultan bin Saeed al Mansouri.

Al Mansouri also said the ministry was finalising amendments for laws on companies and competition, auditors, foreign investment, certificate of origin, anti-fraud and industry ownership as well as drafting a new arbitration law as part of measures to boost investor confidence in the economy.