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UAE gov't plans no cash injection into markets
- United Arab Emirates: Wednesday, November 19 - 2008 at 14:56
The UAE's Minister of Economy Sultan Al-Mansouri said the government has no plans to inject money into the country's ailing stock markets, reported The National. The UAE is a 'free market and we are going to keep it open', Al-Mansouri said, adding that 'we are not going to make the same mistakes that other economies have done'. Dubai's main index has fallen more than 65% this year, while Abu Dhabi's is down more than 37%.
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Jeff Florian, Senior ReporterWednesday, November 19 - 2008 at 14:56 UAE local time (GMT+4)
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