Emirates Aims To Diversify Economy Beyond Oil
Emirates is seeking to diversify its economy away from oil dependence. The move follows the country's exit from OPEC. Analysts suggest the country is looking for ways to mitigate regional tensions.
Topics
Developing
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Sources · 7 independent
Iran International
“Emirates has exited OPEC and now, to avoid the pressure of the blockade, it is looking for ways to access international waters through Fujairah port, meaning it no longer needs the Strait of Hormuz.”
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