Effect of credit crisis to be minimal in UAE

Effect of credit crisis to be minimal in UAE

September 17th, 2008 admin Posted in Business, Dubai Real Estate, Dubai Real Estate News, International Real Estate, UAE Real Estate No Comments »

The UAE’s economy is strong enough to escape the effects of the global credit crunch that led to the collapse of Lehman Brothers and the takeover of Merrill Lynch, Minister of Economy Sultan bin Saeed Al Mansouri has declared.

"The UAE economy is strong and good," he said. "The effect of the global credit crisis on the country will be limited."
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