The proactive UAE administration move to repay the Islamic bond issued by Nakheel drew and instant and enthusiastic response from the business community and leaders. Here are some of the reactions
Sultan Bin Saeed Al Mansouri, UAE Minister of Economy: “"The issue has been resolved proving our leadership has the will and the means to solve our problems. We have no problem moving our economy in the right direction."
Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee: "The Government of Dubai remains committed to its high standards and its obligations. We are confident in our economic model, and we are confident in the long-term health and outlook for our economy. The actions taken today are consistent with our market development, and we believe they are the actions that will best serve the interests of all stakeholders.".
Simon Cooper, CEO HSBC Middle East: “The news that the UAE authorities are going to support Dubai World and its companies in their financial obligations will be welcomed by international financial markets. This support confirms that the UAE is one country and demonstrates the strong support provided by the government of the UAE to the country’s corporate sector.
HSBC has always been, and will remain, the strongest supporter of Dubai, Abu Dhabi, and the whole of the UAE. We congratulate Dubai World and the UAE in coming to a mutually agreeable and equitable solution, and would echo the words of Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee:
“Our best days are yet to come”.”
