Sunday, 21 June 2015

A note on the State of the UAE’s economy by Mohammad Bin Rashid Al Maktoum | GulfNews.com

A note on the State of the UAE’s economy by Mohammad Bin Rashid Al Maktoum | GulfNews.com:



"I wanted in this brief note to highlight the current status of the United Arab Emirates’ economy and to outline the course we are steering in the period to come. It is my aim that this note, released ahead of the annual statistical reports, will increase transparency and accessibility for those interested in our national economy and will also give guidance regarding the most important economic indicators and trends in the UAE.



Before reviewing the most important economic indicators and variables I wish to refer to several key points:



Firstly, the UAE has anticipated many global economic scenarios, and built a range of economic policies in order to be better prepared and equipped to manage a range of variables; it has diversified its economy to reduce its dependence on oil, built more balanced management of global economic forces, and established a clear policy of openness and cooperation in order to align with the interests of other global players."



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