As reported by the official news agency of the United Arab Emirates, HE Sultan AlManouri has denied earlier erroneous news reports, which apparently do not include the one that AA quoted earlier today.
"Minister of Economy Sultan Al Mansouri affirmed today that Dubai's debts issue has a local specialty and is being handled by the competent government agencies on contrary to what a foreign news agency has quoted him today saying that ''Dubai, whose debts are matured in 2010, could receive more assistance either from the federal government or emirate of Abu Dhabi."
''A massive media campaign is being waged against the UAE with the aim of distorting facts and misleading the public opinion about the economic reality in the country, the minister said astonishingly.
''This campaign will not touch the economic reputation of the UAE and its vibrant national economy which has proven its merit in handling and managing diverse global economic challenges and changes,''he stressed.
''This campaign will not touch the economic reputation of the UAE and its vibrant national economy which has proven its merit in handling and managing diverse global economic challenges and changes,''he stressed.
And he noted:
''The UAE is always keen to deal with all situations and circumstances with high transparency and scientifically and well-studied method based on accurate analysis using international state-of-the-art standards to ensure delivery of best aspired results,''he concluded.
AA for one stands corrected, but only mildly astonished.
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