UAE set to lead region in economic growth, says NBAD | The National:
"The UAE is expected to lead economic growth in the Arabian Gulf this year amid higher spending that will be spurred on by recovering oil prices, according to the latest research from the National Bank of Abu Dhabi (NBAD). While the region is heavily dependent on oil, the UAE has been among the countries in the region that have done a better job of diversifying its economy and coming up with new streams of revenue, according to the bank’s annual global investment outlook. "The UAE Government was the first in the GCC to implement fiscal measures such as subsidy reduction, municipality fee increases and alternative sources to fund government spending," NBAD said."
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