The damage to infrastructure reached $461 billion besides their reparable cost of destroyed historic and architectural sites.
The damage to infrastructure reached $461 billion besides their reparable cost of destroyed historic and architectural sites.
Oil prices are likely to decline further in 2016, impacting the revenues of oil exporting countries.
"The deal with Greece is unsustainable and almost everybody knows that it is unsustainable," he said at the Arab Strategy Forum.
Global growth is below potential, say experts at Arab Strategy Forum.
Fiscal restructuring is already evident in the form of budgetary cuts among GCC countries, including the UAE.
While exports continued to contribute negatively on growth, the domestic sector remained robust, due to a rebound in investment and private consumption resilience.
"The UAE has successfully implemented some rationalisation of energy prices for the consumer with no difficulties."
Nation boasts of having least-demanding tax framework
Industry captains upbeat about more trade collaboration.
The agreement was witnessed by Shaikh Mohammed and signed by Dr Al Jaber and Wang Shi, chairman of Vanke