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UAE governor reveals secret to sustain growth

Omar Bin Sulaiman, Governor of the Dubai Financial Centre (DIFC) told delegates at the Financial Times conference in DIFCweek in Dubai that the key to sustaining the country's economic growth is to create political stability and retain a high caliber of human resources. "Developing human resources and attracting and retaining individuals with experience is our goal," he said.

But with the inflation levels reaching an all time high this year of 9.5 per cent many individuals are becoming less willing to move their lives and families to the UAE.

“Inflation is just a result of the fast growth,” said Bin Sulaiman.

“But we still have a nice safe city to offer in addition to chances of growth and this is one place where you can make a difference and make your dreams come true,” he added.

More news from DIFCweek:
UAE may drop dollar peg
Islamic bankers training to improve Shariah efficiency
Islamic banking in need of guidelines
Islamic banking still catching on
UAE investment shifts towards the East