The UAE's market fundamentals remain solid, but not immune to global economic headwinds, senior executives said Thursday at the Global Financial Markets Forum in Abu Dhabi.
The local economy has slowed in recent years with several key infrastructure projects either cancelled or put on hold after falling victim to the global financial crisis.
Several state-linked entities, including Drydocks World and Jebel Ali Free Zone Authority, are in the process of restructuring their debts while the UAE's equity markets, aside from a recent bull rally, have seen volumes plunge in the last few years on a lack of investor appetite for risk.
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