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Tue 8 Dec 2015 11:56 AM

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UAE sees growth between 3 and 3.5% in 2015 and 2016, says minister

2015 figure is below the 4% forecast by the central bank in July

UAE sees growth between 3 and 3.5% in 2015 and 2016, says minister
ECONOMY MINISTER: UAE Minister of Economy His Excellency Sultan Bin Saeed Al Mansouri.

The United Arab Emirates is expecting gross domestic product
growth of between 3 and 3.5 percent in both 2015 and 2016, the country's
economy minister said on Tuesday.

The figure for
2015 was below the 4 percent which the UAE central bank forecast for the year
back in July.

"If we
continue to have minimum increase in the price of oil, we will have 3 to 3.5
percent growth in 2016," Sultan bin Saeed al-Mansouri told reporters on
the sidelines of an economic forum.

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