The International Monetary Fund has raised GDP forecasts for the UAE, Saudi Arabia, Kuwait and Qatar in its World Economic Outlook, The National has reported. "The UAE will be a net long-term beneficiary," Farouk Soussa, the chief Middle East economist of Citibank said. "Due to its relative political stability, we believe there is a possibility of a diversion of commercial, investor and tourist activity from less stable parts of the region."
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