Wednesday 8 April 2009

Learn from your losses, says Sheikh Hamdan

Sheikh Hamdan bin Zayed, the Deputy Prime Minister, has few words of comfort for those who lost money in the stock markets, saying people should live within their means.

Many investors have seen their wealth decline sharply over the past year due to falls in property prices and shares.

“I hope the Government will do something to solve this problem, but I personally do not subscribe to irrational assistance,” WAM, the state news agency, quoted Sheikh Hamdan as saying in an interview with Kuwaiti dailies Al Seyassah and Arab Times.

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