UAE eyes overseas assets
The UAE intends to boost its investment from booming oil income by purchasing more overseas assets and upgrading infrastructure to lure foreign capital inflows, Shaikha Lubna Al Qasimi, UAE's Minister of Economy and Planning was quoted as saying by Reuters.
She added the global economy must be prepared to tackle mounting inflation from the high oil prices to sustain growth.
The minister noted that the US, Australia and Turkey are seen as the leading destinations for UAE investors
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