Consul General’s Statement

Dec 14, 2009

In response to a media question on the announcement that Abu Dhabi has provided $ 10 billion to Dubai, Consul General has the following reaction:

“It is a very welcome step.  It shows the strength and unity of the United Arab Emirates as a country and it will dispel all fears and speculations with regard to the soundness of the UAE economy. This measure in particular the repayment in full of the Nakheel’s Islamic sukooks will provide a big boost to the stock markets and assure investors that their future is secure in the UAE.

 I strongly urge the Indian community especially the Indian businessmen to do everything possible to infuse confidence in Dubai economy and to support measures being taken by the UAE and Dubai Governments.

As far as the Government of India is concerned, UAE is a close economic partner and we see both the UAE economy and the Indian economy going from strength to strength in the coming days with much greater interaction and involvement with each other.”