ID :
35808
Tue, 12/16/2008 - 12:23
Auther :
Shortlink :
http://m.oananews.org//node/35808
The shortlink copeid
UAE economy remains sound: VP
Dubai, Dec 16, 2008 (WAM) - The UAE economy has been and is still sound and the government and other competent authorities are handling the fall out of the global financial crisis with patience and wisdom, Vice President and Prime Minister of the UAE and Ruler of Dubai H. H. Sheikh Mohammed bin Rashid Al Maktoum affirmed yesterday.
Sheikh Mohammed considered during talks with visiting Chairman of the US Senate Finance Committee Senator Max Baucus the world financial order as 'integral' and ''one spirit in one body''.
He also called for greater constructive cooperation and coordination among financial and banking institutions around the world to mitigate the negative consequences of the contingent crisis on the development programmes in different countries of the world.
Sheikh Mohammed and the US official exchanged views on wide-range of economic, political and financial issues of mutual concern and ways of energising mechanisms of cooperation between financial and economic institutions in the UAE and USA.
Senator Baucus lauded the financial policy adopted by the UAE government in view of the current turmoil in the world financial markets and its potential impact on the world financial order in general.
Sheikh Mohammed considered during talks with visiting Chairman of the US Senate Finance Committee Senator Max Baucus the world financial order as 'integral' and ''one spirit in one body''.
He also called for greater constructive cooperation and coordination among financial and banking institutions around the world to mitigate the negative consequences of the contingent crisis on the development programmes in different countries of the world.
Sheikh Mohammed and the US official exchanged views on wide-range of economic, political and financial issues of mutual concern and ways of energising mechanisms of cooperation between financial and economic institutions in the UAE and USA.
Senator Baucus lauded the financial policy adopted by the UAE government in view of the current turmoil in the world financial markets and its potential impact on the world financial order in general.
