| Global economic uncertainty and low oil prices will have little lasting impact on Dubai, according to the CEO of the emirate’s $183 billion sovereign wealth fund. Mohammed Al Shaibani, executive director and CEO of the Investment Corporation of Dubai (ICD), sought to reassure the public that “Dubai will weather the storm”.
He said the emirate did not rely on oil revenues as much as the other GCC states and would not have to significantly cut spending...............................................Full Article: Source
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