UAE economy to grow 3% this year, to review investments

      Published on Thursday, 19 November , 2015      86 Views     

  • Gulf Business

UAE economy to grow 3% this year, to review investments

The economy of the United Arab Emirates is expected to grow 3 percent in 2015, the central bank governor said on Monday, adding the country would reconsider any investments considered unnecessary.




“The government is still continuing with its spending, though they will rationalise any unnecessary investments,” Mubarak Rashid Al Mansouri told reporters on the sidelines of a banking conference in Dubai.



The central bank had said in July that the UAE government was expected to trim state spending by 4.

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Category Gulf Business | 2015/11/19 latest update at 6:48 PM
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