Emirates NBD's Fox: Abu Dhabi Growth Will Pick Up

The video discusses the challenges and prospects of spending cuts in the UAE amidst economic recovery, highlighting the role of the oil and non-oil sectors. It examines Abu Dhabi's economic diversification, emphasizing the influence of the oil sector and OPEC's strategy. The video also analyzes the UAE's Purchasing Managers Index (PMI), indicating strong growth in both oil and non-oil sectors, particularly in Dubai.

What is the main challenge discussed in relation to spending cuts in Abu Dhabi?

• The impact on tourism

• The effect on economic recovery

• The reduction in oil prices

• The influence on education

How much does the oil sector contribute to the Abu Dhabi economy?

• 75%

• 50%

• 25%

• 100%

What strategy is OPEC following to influence the oil market?

• Increasing oil prices

• Diversifying into renewable energy

• Reducing oil production

• Maintaining and protecting market share

What recent trend is indicated by the UAE's Purchasing Managers Index (PMI)?

• Decline in manufacturing

• Strong growth across sectors

• Decrease in oil production

• Stagnation in economic growth

Which sector in Dubai is highlighted as benefiting from the overall economic growth?

• Agricultural sector

• Real estate sector

• Non-oil sector

• Tourism sector