Despite crashing oil prices, the United Arab Emirates has managed to negotiate a soft economic landing according to Bank of America analysts who recently spent eight days in the GCC, visiting Saudi Arabia, Bahrain, Kuwait, Doha, Oman, Abu Dhabi and Dubai, and meeting with various officials. The analysts’ findings were published at the end of last month in a UAE focus research report - taking a look at the impact of lower oil prices on Middle East Economies in the gulf region.
Despite Low Oil Prices Middle East Economies Are Still Expanding
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