Abu Dhabi Exclusive Business
Posts 1-5 of 5
-
Uta Gruda اوتا غرودا Premium Member Group moderatorThe company name is only visible to registered members.23 June 2010, 09:28 AM23 Jun 2010, 10:46 amUAE Prime Minister: I don’t call it recession, I call it a challenge
In an exclusive interview with CNN, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister of UAE, reinforced that the worst period of the economic downturn was over and that Dubai was looking for opportunities of growth.
Sounding very optimistic about the future, Shaikh Mohammed said, “I don’t call it a recession, I call it a challenge.”
tressed that the UAE’s economy is strong despite the effects of global financial crisis. Underscoring the local economy’s ability to overcome all challenges arising as a result of the worldwide recession, Shaikh Mohammed revealed Emirates Airline’s decision to purchase new aircrafts next month.
Shaikh Mohammed said, “The recession is a global phenomenon and I do not think that we in Dubai fear it, but instead consider it a challenge.”
He said that the UAE faces daily challenges such as water shortages, growth and development, adding that the country is not suffering from a recession in the real sense of the word, but rather challenges.
“Without challenges,”Shaikh Mohammed reasoned, “life would be boring. Dubai and Abu Dhabi and the rest of the UAE are fine,” he added.
In response to a question about the secret behind the Emirates Group’s $15 billion business deals following the events of 9/11, as well as the recent $11.5 billion A380 Airbus purchase during the global financial crisis, Shaikh Mohammed said that opportunities arise out of crises. He remarked that Dubai Airport’s continued expansion, in addition to large growth in passenger numbers and tourism, prompt the national airline to invest in more airplanes to keep pace with developments.
Shaikh Mohammed concluded by revealing that Emirates Group will place a large order at the Farnborough Air Show in July.
Source: khaleej times
This post was modified on 23 Jun 2010 at 08:28 pm. -
Sher Saddozai Group moderatorThe company name is only visible to registered members.Dearest Uta...Once the dates are there we can get the executive calculation of how money is wasted especially that money which is sponsored proposed furnished but not in account yet. I say UAE has moved with Qatar Kuwait and the Central asian States in welcoming The FEAS that after my 4 Jan 2008 Press Conference at Islamabad was declared alongwith the Hedge Fund as Major Power Brokewrs in The World . However I have found The FEAS quite slow [Federation of European and Asian Stock Exchanges ] George Thanh told me most foriegn directors were US Aid level of employees instead of players.The communication is old arabian bureacratic and the search engine will show nothing has surfaced since 2009 perhaps or march 2010. What i know the FEAS promised but has yet not opened a Trading Floor in my city Multan that has top grass root industry .26 Jun 2010, 11:40 amRe: UAE Prime Minister: I don’t call it recession, I call it a challenge
To add The Soverign Wealth Funds are all except few in the Gulf Region to buy Eastern European or Central Asian Technology while other Western SWF's are equally ready to purchase the western technology .
With Love.Sher
This post was modified on 26 Jun 2010 at 11:43 am. -
Uta Gruda اوتا غرودا Premium Member Group moderatorThe company name is only visible to registered members.Dear Sher,01 Jul 2010, 5:38 pm
Re^2: UAE Prime Minister: I don’t call it recession, I call it a challenge
Thanks for posting but to be honest I dont understand your language pretty well, pls next time write less and clear when you wanna give your opinion. Btw opinion I also believe that Dubai and Abu Dhabi and the rest of the UAE are fine. Crises bring for smart people a lot of opportunities to grow thru and after crises and we are smart people here.
rgds
Uta
-
Sher Saddozai Group moderatorThe company name is only visible to registered members.Dear ,I am about to publish a summary about the Qatar/Singapore Wealth Fund and also quote the regional leadership and my dear brothers the gulf rulers and their good concern and true offers towards my published offers . I wish you can connect the pieces together and be confidant there is no other macro development .You know the g20 was timely announced that the present governments could not manage a half or few hundred billion USD projects and the corruption too so the G20 could not release a joint policy either ................. But i wish you enjoy your summers at Germany .....Im all here through summers! Cheers13 Jul 2010, 10:17 am
Re^3: UAE Prime Minister: I don’t call it recession, I call it a challenge
-
Uta Gruda اوتا غرودا Premium Member Group moderatorThe company name is only visible to registered members.Sher, this section is just about business news @first in Abu Dhabi and then in UAE or GCC. I didnt write the article by myself, pls see the reference. When you wanna talk about other political topics then please notice that you are in the wrong group. There are other groups in xing where you can discuss these topics. We are talking in our "Abu Dhabi Exclusive Business" group only about business in AD, I will delete your comments next time right away when you will not respect this fact again.14 Jul 2010, 12:17 am
Re^4: UAE Prime Minister: I don’t call it recession, I call it a challenge
rgds
Uta
