Mahathir to attend banking conference in Abu Dhabi

DUBAI - The economy of the AGCC have emerged strong with a lot of promising results in the near future, despite fluctuations in oil prices and the global markets during the previous year. Dr Mahathir Mohammed, former president of Malaysia said in a statement yesterday.

By A Staff Reporter

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Published: Sun 11 Apr 2004, 12:23 PM

Last updated: Thu 2 Apr 2015, 11:36 AM

"The AGCC have managed to stand strong against all the undesirable circumstances that caused instability and difficulties in markets in a number of countries in the region," he said.

Speaking to Banking and Finance Magazine, Dr Mahathir said: "The national economies of the AGCC have succeeded to fair well and escape the domestic and global complexities that occurred in the market place and caused ambiguities and negative implications."

Mahathir who will be the chief guest of the 4th Gulf Banking Institutes Conference to be organised by Emirates Institute for Banking and Financial Studies in Abu Dhabi from 4-5th May, 2004, said that the UAE in particular has made remarkable strides in its path towards a more sustainable economic development.

Dr Mahathir attributed the economic growth in the AGCC to the balanced economic policies adopted by the governments, diversifications and implementation of privatisation in various sectors.



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