Speaking at the recent inaugural session of the MENA Trade and Export Finance Forum, the UAE's Minister of Economy and Planning, Shaikha Lubna Al Qasimi urged governments in the Gulf region to make regulatory transparency a priority.
According to a Gulf News report, Lubna argued that policy uncertainty will mean that market forces bear additional costs, making the region less attractive to investors.
“One of our major challenges, for government and the private sector together, is to put in place institutions to harness the region’s capital base to ensure that the economic growth we are witnessing here in Dubai and the UAE today can continue into the future and provide benefits throughout the Middle East and greater region," she told delegates, continuing:
"The UAE, and particularly Dubai, has embraced openness to world markets as the foundation for building its future economic prosperity.”
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