Dubai to Be More Careful In Wake Of Crisis, Ruler Says

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Dubai will consider small changes to its development strategy and be more careful in the future as a result of the financial crisis, the ruler of the emirate said on Tuesday.

Ruler Sheikh Mohammed bin Rashid al-Maktoum said the global crisis had yet to run its course but that financial headwinds were easing on the cash-strapped state and that Dubai was sound.

"I don't think we made any mistakes," he told reporters at a briefing. "Our strategy will be really the same but things will change a little bit because of this crisis and we will be more careful now."