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FINANCIAL NEWS
UAE leads by example in facing economic plunge
27 Jul 2016
(MENAFN) UAE has preserved its reputable position among regional and global countries as being a consistent supplier of oil despite a fall in oil prices by more than 50 percent in the last one year.
Additionally, the oil-rich nation is fully committed to grow oil production to 3.5 million barrels per day, not to mention its vital role in maintaining the market’s stability and balance, as its officials stressed.
Furthermore, the country’s authorities are very optimistic about oil prices in terms of bouncing back this year, and they stress about the fact that the market will decide that and everyone has a role to play in it.
UAE has always shown commendable attitude in handling regional crisis that may have affected it, by consistently implementing well-studied measurers and strategies thanks to world-class infrastructure.
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