Companies are still flocking to Dubai despite difficult times, thanks to the emirate's advanced infrastructure and its status as a major financial centre, a board member of Dubai Financial Services Authority said yesterday.
"The Gulf economy is clearly strong and I am optimistic about it in the long term. Every economy at the moment is suffering major pressures. Dubai and the UAE no different from that. But I do think fundamentals here are good. Dubai is a major international business centre; infrastructure here is very strong. Companies are coming here even in difficult times," Lord David Currie, DFSA Board Member, told Emirates Business.
He said the present economic tumult is likely to see the US and Europe as less strong economies and could have a long-term, deep impact unless global economies take effective measures while resisting the temptation to resort to protectionism at the same time.
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