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UAE diversification strategy lags despite growth in oil sector

The United Arab Emirates is struggling somewhat with its economic diversification project as oil prices remain relatively low.

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan and Chinese President Xi Jinpin applaud as they witness a signing ceremony at the Great Hall of the People in Beijing, Monday, July 22, 2019. Andy Wong/Pool via REUTERS - RC1F7C215B10
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan and Chinese President Xi Jinpin applaud as they witness a signing ceremony at the Great Hall of the People in Beijing, July 22, 2019. — Andy Wong/Pool via REUTERS

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