Top Emirates NBD official bullish on UAE economy

Dubai: A senior official of the Emirates NBD bank confirmed that the UAE economy was capable of overcoming the challenges the global financial crisis is imposing on the UAE market.

Speaking at a Rotary Club of Dubai function, Sulaiman Al Mazroui, General Manager, Group Marketing and Corporate Communications for Emirates NBD, said: "The UAE economy is dynamic and possesses many strategic resources.

"So far, the negative impact of the financial crisis has been limited in the UAE and that is due to the proactive measures that the UAE leadership has taken to support the market.

"Over the past two decades, the UAE has overcome many regional crises and the current situation is no exception," said in a presentation he gave a.

In his presentation titled 'Where is the money gone?', Sulaiman discussed the current global financial situation and dwelt on the global economic circumstances that led to the financial turmoil.