ID :
129377
Wed, 06/23/2010 - 14:33
Auther :
Shortlink :
https://oananews.org//node/129377
The shortlink copeid
Sheikh Mohammed bin Rashid: UAE economy doing fine
Dubai, June 23, 2010 (WAM)- The UAE economy is fine and Dubai is seeking new avenues to further fuel its growth, according to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
In an interview with CNN that airs next week, Sheikh Mohammed said: "The recession is a global phenomenon and I do not think that we in Dubai fear it, but instead we consider it a challenge."
Sheikh Mohammed said that the UAE faces challenges such as water shortages, but the country is not suffering from a recession in the real sense.
Observing that opportunities arise out of crises, Sheikh Mohammad said: "I don't call it [the current situation] a recession, I call it challenge… The companies [in the UAE] are restructuring because it’s a new world. You have to stop and restructure."
"Without challenges, life would be boring. Dubai and Abu Dhabi and the rest of the UAE are fine," he said in the interview conducted by CNN's John Defterios.
Dubai-based Emirates Airlines recently placed a massive US$11.5 billion plane order after passenger growth of 21 per cent and profits of nearly US$1 billion last year.
According to the CNN website, the interview will be shown on July 2 at 0915 and 1945 GMT; on July 3 at 0715 GMT and on July 4 at 0115, 0815 and 1745 GMT. – Gulf News
In an interview with CNN that airs next week, Sheikh Mohammed said: "The recession is a global phenomenon and I do not think that we in Dubai fear it, but instead we consider it a challenge."
Sheikh Mohammed said that the UAE faces challenges such as water shortages, but the country is not suffering from a recession in the real sense.
Observing that opportunities arise out of crises, Sheikh Mohammad said: "I don't call it [the current situation] a recession, I call it challenge… The companies [in the UAE] are restructuring because it’s a new world. You have to stop and restructure."
"Without challenges, life would be boring. Dubai and Abu Dhabi and the rest of the UAE are fine," he said in the interview conducted by CNN's John Defterios.
Dubai-based Emirates Airlines recently placed a massive US$11.5 billion plane order after passenger growth of 21 per cent and profits of nearly US$1 billion last year.
According to the CNN website, the interview will be shown on July 2 at 0915 and 1945 GMT; on July 3 at 0715 GMT and on July 4 at 0115, 0815 and 1745 GMT. – Gulf News
