UAE economy resilient to low oil prices, says Al Mansouri | GulfNews.com:
"The UAE’s economy is resilient to low oil prices, said Sultan Saeed Al Mansouri, Economy Minister, on Tuesday.
“Oil had so far limited impact on the economy and that major infrastructure projects in Abu Dhabi and Dubai will continue,” Al Mansouri told reporters on the sidelines of the Federal National Council’s session.
Al Mansouri said a diversification policy under which the country’s dependence on oil steadily decreases year after year had helped the UAE neutralise the oil price decline."
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