| Kippreport.com

The UAE’s “wise policies” have lessened impact of global crisis, says Minister of Economy

December 12, 2009 9:33 by kippreport

The UAE’s Minister of Economy said on Saturday the nation’s policies toward diversification have helped shield the economy from the effects of the global financial crisis, reports Arabian Business, citing the nation’s official news agency WAM reported.

Sultan Bin Saeed al-Mansouri’s comments echo a speech by UAE President Sheikh Khalifa bin Zayed al-Nahyan to commemorate the country’s National Day where he said the UAE’s “strong economy, and our prudent management of our public and private institutions, we were able to contain the negative effects of the crisis and overcome many of its results and implications.”

Tags: Financial Crisis, Minister of Economy, UAE