RAD Federation: UAE able to ride out crisis: Mohammed

UAE able to ride out crisis: Mohammed
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Super Administrator on 05 September, 2009 02:55:00
 
Look towards the future with confidence and be ready for action and change 
this was the message to CEOs and owners of companies operating in the UAE from
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime
Minister of the UAE and Ruler of Dubai.
"Both public and private sectors must shun a status quo mentality and think
about change for the better," he said yesterday, welcoming CEOs of Arab and
foreign companies, along with pro?mi?nent investors and businessmen at Zabeel
Palace.
The businessmen and CEOs were paying a courtesy call on Sheikh Mohammed to
convey their best wishes to him on the occasion of Ramadan. Sheikh Mohammed
discussed with his guests the economic developments regionally and
internationally and his outlook for the economy. A public-private partnership
was crucial to ?realising these goals, he said.
He said the recession was "a passing cloud that will not stay long despite
pessimistic speculations and analyses by economists and financial experts".
Sheikh Mohammed said he was confident about the resilience and ability of the
UAE Government to join forces with the private sector to ride out the crisis.
The business community presented their points of view on the recession and said
they considered the situation as nothing more than a "storm in a teacup" and
that it would be business as usual soon. They expressed confidence at the
measures taken by the leadership and government of the UAE.
The meeting was attended by Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum,
Crown Prince of Dubai; Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum,
Deputy Ruler of Dubai; Sheikh Majid bin Mohammed bin Rashid Al Maktoum,
Chairman of Dubai Culture and Arts Authority; Mohammed Abdullah Al Gergawi,
Minister for Cabinet Affairs; Reem Ibrahim Al Hashemi, Minister of State; and
senior officials.