Relax UAE foreign ownership rules and boost private sector role, IMF official says | The National:
"The UAE should relax foreign-ownership restrictions, foster public-private partnerships and concentrate on innovation to attract more investment and cope with low oil prices, a senior IMF official has said.
While the UAE remains the most diversified economy in the region, it has to do more to continue this process, as oil prices are forecast to remain low.
"There are areas in which they [the UAE] could continue to take action," said Masood Ahmed, the IMF’s Middle East and Central Asia department director."
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