Tuesday 22 December 2009

UAE minister blasts reports for distorting remarks on Dubai debts

United Arab Emirates (UAE) Economy Minister Sultan bin Saeed Al Mansouri said Monday that earlier reports citing him as saying that debt-laden Dubai may need more financial aids misrepresented his remarks.

There was a media campaign aimed at twisting the fact of the UAE economy and confusing the public, Al Mansouri was quoted by the official news agency WAM as saying.

"I'm confident this campaign will not impact the reputation of the UAE and our national economy has proven its strength and ability to deal with global challenges. The UAE has already taken concerted efforts to meet the challenges arising from the global financial crisis," the minister said.

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