The UAE will become more attractive to foreign investors as inflation begins to decline following a sharp increase over the past two years, Minister of Foreign Trade, Sheikha Lubna Al Qasimi, said yesterday.
Sheikh Lubna, in Moscow for an international investment conference, said the UAE is interested in investing in Russia but needs to get acquainted with business opportunities in the country.
During talks with a senior Russian economy official, Sheikha Lubna was told that Moscow is considering enacting laws to allow the operation of Islamic banks for the first time following an upsurge in their business worldwide.
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