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.
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“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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