UAE economy recovering at fast, solid pace – IMF

DUBAI: The United Arab Emirates (UAE) economy, the Arab world’s second largest, is recovering at a solid pace from the global financial crisis but remains threatened by low oil prices, the International Monetary Fund (IMF) said on Wednesday (Thursday in Manila).

“Economic recovery has continued at a solid pace, supported by construction, logistics and hospitality,” a team from the International Monetary Fund said after visiting the Gulf country.