UAE Economy is Strong: Lubna

ABU DHABI - UAE Minister of Foreign Trade Shaikha Lubna Al Qassimi emphasised that the UAE economy is robust and diverse thanks to the country’s strategies which helped create an outstanding economic model and make the UAE a global hub for 
finance and trade.

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By (Wam)

Published: Tue 15 Dec 2009, 11:22 PM

Last updated: Mon 6 Apr 2015, 1:59 AM

“The diversification polices adopted by the UAE created a robust economy and helped weather various challenges such as the global financial crisis,” Shaikha Lubna said in remarks during a meeting with students from the Stanford Economics Faculty who are on a current visit to the UAE. Non-oil sectors, she noted, account for over 63 per cent (or Dh590 billion) of the UAE’s GDP in 2008. “UAE’s non-oil trade went up to $215 billion in 2008, a growth of 45 per cent over the previous year.”

(Wam)

Published: Tue 15 Dec 2009, 11:22 PM

Last updated: Mon 6 Apr 2015, 1:59 AM

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