UAE faces “challenges,” not recession, Sheikh Mohammed stresses
Dubai’s ruler discusses UAE economy in CNN interview to be aired next week.
June 23, 2010 11:17 by Rasha Reslan
In an CNN interview, to be aired in its entirety later next month, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, said that the country’s economy is strong, despite the economic downturn that has affected world economies.
Sheikh Mohammed highlighted the resilience of the UAE economy, announcing that Emirates airline would purchase additional new aircraft next month, and that the Emirates Group has plans to place a large aircraft order at the Farnborough Air Show in July, Emirates Business reported Wednesday.
“The recession is a global phenomenon and I do not think that we in Dubai fear it, but instead we consider it a challenge,” he was quoted as saying.
Sheikh Mohammed referred to the UAE’s “challenges,” but denied that the country is suffering from a true recession, adding that opportunities present themselves in the midst of crises.
More on Article
-
Kuwait ministers reach out to bloggers and journalists
-
Consumer confidence in Dubai on the up
-
Tasweek: ‘Maintain and sustain’ real estate sector
-
The Arab youth have spoken
-
Easing Emiratisation
-
Yammine of Credit Suisse MidEast resigns
-
Walk this way
-
Top 10 Highest paid celebrities of 2012
-
The Daily Deal Dilemma
-
Top 5 Tallest Residential Towers in the World
-
In Pictures: London 2012 Olympic preparations
-
REFORM IN THE KINGDOM: Saudi Arabia pushes accelerator on reform
-
IN PICS
-
Saudi Arabia will enter women in London Olympics
-
vending machines
-
HORSING AROUND: The passion and big business that is horses in the UAE.
-
Ready for liftoff
-
SIGNS OF SLOWING ECONOMY DRIVE STANDARD & POOR’S DOWN
-
FISCALLY SPEAKING: Saudis Wouldn't Gain Much From A Union With Bahrain
-
FOR THE SAKE OF TOURSIM: Putting the 'United' back into the UAE.
