(Source: Coface SA) Economic diversification, political stability and resilient financial system limit the effects of lower oil prices Share of non-hydrocarbon activities in UAE's 2015 GDP increased to 75% Total household spending and visitor spending forecast up again in 2016 Retail sector attracts FDI but facing funding and saturation issues Depreciation of the Russian rouble and the euro impact tourism China and India account for nearly a 1/4 of total UAE trade The UAE, the most diversified economy within the Gulf region Although the hydrocarbon sector remains the backbone of the UAE's economy, the large contribution made by non-hydrocarbon activities to gross domestic product is...
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