Tuesday 8 December 2015

UAE economy to grow by 3% to 3.5% in 2016 | GulfNews.com

UAE economy to grow by 3% to 3.5% in 2016 | GulfNews.com:

"The UAE's economy is expected to grow at a rate of 3 per cent to 3.5 per cent in 2016, maintaining almost the same rate expected in 2015, according to Sultan Al Mansouri, the country's Minister of Economy.

The figure will depend on oil prices in 2016, however.

"If we see minimal increase in the prices of oil, we expect to see 3-3.5 per cent increase in 2016. I think because we learnt from 2015 and we understand where the world economy is moving, we feel that we are better prepared in terms of how we put our vision as UAE."



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