"The drop in petroleum prices will likely have a mild disinflationary effect in the UAE."
"The drop in petroleum prices will likely have a mild disinflationary effect in the UAE."
It's now one of the European Union's fastest growing economies but still has a 21 per cent unemployment rate.
Dubai Property Show opens in HK, expects huge turnout
The country also witnesses supply growth of 6.2%: Survey
Measures for services, consumer sentiment fall
Even the severe El Nino dry spell, which hit farm output, failed to dampen the country's momentum much.
The Dubai Chamber of Commerce and Industry and Majid Al Futtaim have joined hands with the organiser for the WRC, which will be held under the theme 'Attracting and engaging the modern customer'.
Smaller businesses in the services sector showed more resilience, while manufacturing experienced a further deterioration.
Oil prices may stay volatile; pegged at $40-$60 to 2020.
Scrapping fuel subsidies shows UAE is on the right track.