Business | General
World lacks understanding of Dubai World debt crisis: Mohammad
Dubai's ruler says world "lacks understanding" of Dubai World debt crisis
- AP
- Published: 15:01 December 1, 2009
Dubai: Dubai's ruler has told a TV channel that the emirate's economy is "strong" and "solid".
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, told the Al Arabiya TV channel that the world did not understand Dubai's announcement on restructuring of the emirate's deeply indebted conglomerate Dubai World.
He told the Dubai based channel that the crisis that erupted on the global markets in the aftermath of Dubai World's request to freeze its debt indicated a "lack of understanding of what is happening in Dubai."
More from Business General
More from Business
Business Editor's choice
-
China breaks West's solar monopoly
Some countries in the world, especially Germany and the United States, have made considerable efforts to invest in developing solar energy cells
-
Burberry store spree will cut profit
Trenchcoat maker forges ahead with investment strategy targeting emerging markets
-
Laws needed to spur region bond markets
UAE Central Bank calls for creation of a centralised Sharia board to facilitate the sale of sukuk
