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11 Oct
14:57

UAE diversification, business climate offsets oil decline: ESI

Economic diversification and private sector participation is supporting United Arab Emirates steel demand growth while low oil prices hamper other parts of the Middle East, according to Emirates Steel (ESI) chief executive Saeed Al-Romaithi. The business friendly, competitive and stable environment of the UAE boosts investor confidence, making the country the region’s largest recipient of foreign direct investment of around $10.1 billion. Even at a time of…
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