Saudi Arabia's oil minister told a Dubai conference Wednesday that Gulf economies remain strong, even as the emirate's stock market spiralled downwards over debt default fears.
"I want to emphasise that the overall economy of the Gulf region as a whole remains strong," Ali al-Naimi told the fourth Gulf Petrochemicals and Chemicals Association Forum.
"One of the fundamentals of our region's economic strength is the industry convened here for this forum -- petrochemicals and chemicals," he added.
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