UAE chiefs play down IMF downgrade on oil weakness, Leaders of some of the Gulf region's largest companies have dismissed the International Monetary Fund's recent concerns for the region after oil price weakness, claiming the "belt tightening" has actually been a positive for the region's economy.
There will some "long-term stayers" from the Gulf which will be able to weather the recent bout of low oil prices, the chief executive of state-backed National Bank of Abu Dhabi (NBAD) told CNBC, who added that region is simply no longer reliant on oil in the same way it once was...Read More
There will some "long-term stayers" from the Gulf which will be able to weather the recent bout of low oil prices, the chief executive of state-backed National Bank of Abu Dhabi (NBAD) told CNBC, who added that region is simply no longer reliant on oil in the same way it once was...Read More
