The tightening of dollar liquidity, despite most countries' currency pegs to the dollar, which normally facilitate dollar supply by reducing exchange rate risk, shows persistent worries over the region's ability to cope with an era of low oil prices.
Lower crude would restrict growth to 3% this year: Al Mansouri
Indian Railways to spend Rs.1,21,000 crore on capital expenditure next fiscal
Total revenue is up 5.8 per cent in the first 10 months of this financial year, below the double-digit pace in the past.
Oil plunges 4% in New York
The completion target date of 2018 is unfeasible, and the GCCmember countries will meet in the Saudi capital of Riyadh next month to set a new deadline, UAE Minister of Infrastructure Development Dr Abdullah bin Mohammed Belhaif Al Nuaimi said. The regional scope would remain unchanged, he said.
A 2015 report by global research and advisory firm Universum ranked UAE as the top country where salary expectations are the highest.
They will continue to invest in the emirate's real estate industry.
Analysts say the country’s finances and economic performance, a rare bright spot for emerging markets over the past two years, are now under close investor scrutiny.
The President listed out achievements of the Modi government, saying India has jumped 12 places on the ease of doing ranking of the World Bank while foreign investment inflow has risen 39 per cent.
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