Worst of economic crisis over for Dubai

Posted by 7Star Sunday, April 19, 2009

Dubai's ruler insists his Gulf emirate has recovered from the worst of the fallout from the global economic crisis and has also defended the grandiose vision of the formerly booming city state. "We have overcome the crisis with the least amount of losses," Sheikh Mohammad bin Rashed al-Maktoum, who is also United Arab Emirates prime minister, told Dubai's first e-press conference.

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