24.03.2009 - UAE economy is resilient despite global slowdown

From Business24-7.ae: The UAE's economy is still strong despite the fallout from the global financial crisis, according to Sheikh Nahyan bin Mubarak Al Nahyan, Chairman of the Union National Bank Group. "The strength of the economy derives from economic diversification efforts and the drop in the reliance on the oil sector as well as the financial surplus that boosts the state's potential to withstand any economic downturn," he said at the group's general assembly.....Full Article: Source

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