In pictures: Dubai ruler opens Oumolat Security Printing
The UAE opened its first banknote printing company on Saturday, with Dubai Ruler Sheikh Mohammed receiving the first AED1,000 note printed by the company, bearing the “number 1”. (Image: sheikhmohammed.ae)
The small kingdom is among the most economically vulnerable of the GCC states, with high debt levels, low reserves and slow GDP growth. But it has identified jewels in its accelerating non-oil economy that will help it forge a new path for the future.