| Kippreport.com

Sheikh Mohammed says the UAE will shake off crisis

January 5, 2010 5:55 by kippreport

Dubai’s ruler Sheikh Mohammed Bin Rashid al-Maktoum said that the UAE’s economy is “robust” and that it was equipped to ride through the global financial crisis, reports official news agency WAM.

“Is there a financial crisis? The answer is yes, there is a global crisis that we did not create but we could not avoid since it was imposed on us. We are part of this world and we cannot shield ourselves and our economy from (the impact of) the crisis that caused more damages to the world’s economic superpowers than it did to us,” he said during the inauguration of the Burj Khalifa.

“Our leadership, institutions and private sector are capable of surmounting difficulties and confronting challenges with resolution, fearlessness and confidence. We are able to confront any challenge or crisis, regardless of their magnitude,” he said.

“Let’s see which of the world’s economies will rise again and shake off the dust first. Let’s wait and see,” he added.

Tags: Financial Crisis, Sheikh Mohammed, UAE