Downturn’s all over now, federation united, MBR says


Issue 865 - 20 Nov 2009 | 2 minute read

The worst of the economic downturn is over, Dubai’s ruler said as he joined a chorus of Emirati voices emphasising federal unity – which may be significant after months of speculation over relations between Abu Dhabi and Dubai. In an apparently impromptu interlude in a prepared address at Merrill Lynch’s Mena equities conference, Sheikh Mohammed Bin Rashid Al-Maktoum (MBR), who is also UAE vice president and prime minister, said ties between Abu Dhabi and Dubai should not be questioned.

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