They stressed the importance of preventing a wider escalation of the conflict, which threatens to further endanger peace and stability in the region
Taking part in a seminar on the “Psychology of Fraud” organised by the Internal Auditors Association, Abdulqader Obaid Ali, Chairman of the Association, said that the wise and forward-looking decisions taken by His Highness Shaikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, shielded companies in the country from the consequences of the crisis and helped maintain the growth achieved by the public and private sectors.
He re-iterated that the Gulf Co-operation Council economies, particularly the UAE, have the necessary financial resources and sufficient reserves to cope with such situations.
He noted that the United Arab Emirates has a flexible economic system capable of adapting to similar economic fluctuations. ing the measures adopted by the Kingdom to gain competitive edge in the market.
The event will also provide an insight into investment opportunities in Saudi Arabia for local and international companies.
Around 20 panel discussions will take place during the three-day event.
They stressed the importance of preventing a wider escalation of the conflict, which threatens to further endanger peace and stability in the region
Measures are aimed at preserving the integrity and sustainability of the nation's financial and economic system
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