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Prime Minister says UAE will rebound with ‘greater confidence’

The UAE Prime Minister has stated that the country’s economy will bounce back with “greater confidence and zeal”, thanks to steps taken by the Emirates to protect against the adverse effects of the global financial crisis.

Speaking to members of the Federal National Council, Sheikh Mohammed bin Rashid al-Maktoum said:

“Despite all the negative effects of the crisis, they have proven that our economy is solid and capable of absorbing its various ramifications”

Meanwhile, in an interview with Al Arabiya television, economy minister Sultan bin Saeed al-Mansouri said the UAE economy would report a growth of 1.3% in 2009, a figure much improved on earlier predictions.

Such esteemed opinion provides yet further evidence that the Dubai market is witnessing marked improvements in the final quarter of 2009.

Source: Arabian Business

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