Sunday 29 July 2018

Foreign business leaders in UAE must be careful what they wish for | Arab News

Foreign business leaders in UAE must be careful what they wish for | Arab News:

Something is not quite right in the economy of the UAE, and policymakers in the country are increasingly looking to intervene with stimulus packages to lift it out of the rut it has fallen into over the past couple of years.

In June, the first tranche of stimulus was announced in Dubai and Abu Dhabi, with measures decreed to make the UAE more attractive to foreign investors and the foreign expatriates it depends on.

Now, there is much talk in Dubai financial circles that policymakers in both cities have decided there is a need for further action, and that another package of economic incentives is being prepared for the autumn.

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