ID :
45255
Thu, 02/12/2009 - 13:59
Auther :
Shortlink :
https://oananews.org//node/45255
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UAE economy forging ahead despite global slowdown
Abu Dhabi, February 12, 2009 (WAM) - The UAE economy is stable and steaming ahead with confident steps despite the abrupt international financial crisis, a joint statement by the Federation of Chambers of Commerce and Industry (FCCI) and the UAE Central Bank affirmed yesterday.
"The UAE is still making economic gains in various sectors amid the recent prompt measures taken by the government under the leadership of President H.H. Sheikh Khalifa bin Zayed Al Nahyan and Vice President and Prime Minister of the UAE and Ruler of Dubai H. H. Sheikh Mohammed bin Rashid Al Maktoum to handle the global crisis," the two bodies said in the statement issued after they met today to conduct consultation on the most important impact of the crisis the UAE economy in general and the private sector in particular could face.
The meeting discussed a host of factors affecting local corporate sector due to the anticipated fall out of the global crisis. The top financial figures cited in specific slow in trade movement, decline of global demand, drop in commodities prices, soaring risks in light of reluctance of banks to offer credits.
"The UAE is still making economic gains in various sectors amid the recent prompt measures taken by the government under the leadership of President H.H. Sheikh Khalifa bin Zayed Al Nahyan and Vice President and Prime Minister of the UAE and Ruler of Dubai H. H. Sheikh Mohammed bin Rashid Al Maktoum to handle the global crisis," the two bodies said in the statement issued after they met today to conduct consultation on the most important impact of the crisis the UAE economy in general and the private sector in particular could face.
The meeting discussed a host of factors affecting local corporate sector due to the anticipated fall out of the global crisis. The top financial figures cited in specific slow in trade movement, decline of global demand, drop in commodities prices, soaring risks in light of reluctance of banks to offer credits.
