UAE economy to bounce back

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum said that the UAE’s economy has withstood the impact of the global financial crisis and remains “robust” because of the measures taken by the country to protect itself. “Despite all the negative effects of the crisis, they have proven that our economy is solid and capable of absorbing its various ramifications,” he said in a speech to the Federal National Council.

“We are confident that the steps and measures that we have taken so far would contribute to the return of initiative to our economy … and continue the march of growth and construction with greater confidence and zeal,” he added.