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DIFC Governor Sees Dubai Emerging Stronger from Crisis
DUBAI - Dubai has turned a corner and would emerge stronger than before from the global slowdown, according to Dr. Omar bin Sulaiman, Governor of the Dubai International Financial Centre. Dr. Omar, speaking to members of the Capital Club on Monday, outlined the fiscal and policy actions taken by the UAE and Dubai governments to move from stabilisation to recovery.
“We believe that we have in place the financial and economic infrastructure to enable Dubai to rebound more quickly than other economies. But Dubai will do much more than weather the storm; it will come out stronger,” said Dr. Omar said at the Business Lunch Forum organised by the Capital Club.
During his presentation, Dr. Omar outlined major policy actions the Dubai Government has taken to meet the challenges of the global slowdown, but he also spoke about the importance of dialogue with the business community.
“We have already taken many fiscal, monetary and policy steps to stabilise the economy, but as we move forward into recovery mode, we are at the point when the government’s active and broad-based engagement with the private sector will be most beneficial. Now is the time for a wider engagement with you, the leaders of the business community,” said Dr.Omar.
Andrew Christon, General Manager of the Capital Club, said Dr. Omar set the agenda for the Capital Club’s speakers’ programme, starting with his first talk in 2007. “His insight and expertise ensure our members in the private industry are aware of the government’s strategy and how they can support it.”
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