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FINANCIAL NEWS
UAE- Dubai’s economic crisis is over
12 Sep 2011
(MENAFN) Dubai ruler, Mohammed Bin Rashid Al Maktoum, said that Dubai finally recovered completely from the economic crisis that stood behind the state’s delay debt payments two years ago, reported Arabian business.
Al Maktoum stated that Dubai is doing good and will keep improving its financial status. Also, he expressed his concerns regarding the debt crisis in some countries in Europe.
During the last two years Dubai’s credit risk declined to record a notable improvement in the sheikhdom’s economy creating an attractive environment for investment projects.
It is worth mentioning that U.A.E, unlike neighboring countries including Bahrain and Saudi Arabia, did not witness any popular upheaval which reflected positively on its climbing economy.
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