Financial crisis a “passing cloud,” says Sheikh Mohammed
Sheikh Mohammed bin Rashed Al Maktoum, the Ruler of Dubai, has described the global financial...
September 6, 2009 12:01 by kippreport
Sheikh Mohammed bin Rashed Al Maktoum, the Ruler of Dubai, has described the global financial crisis as a “passing cloud,” reports the UAE’s official news agency WAM.
Speaking at meeting of business professionals at the Zabeel Palace on Thursday, he said “[the financial crisis] is a passing cloud that will not stay longer despite pessimistic speculation and analyses by economists and financial experts.”
He also encouraged the local business community to remain positive about the Emirates’ economic future, and called for closer ties between the private and public sectors.
“Both public and private sectors must shun the will of imposing the status quo policy and adhere to the will of change for the better. Public-private sector partnership is crucial to reach this goal,” he said.