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Confidence in the UAE currency and financial markets are a result of sound policies: official

posted on 31/10/2002: 620 views

The sound economic policies adopted by the UAE over the past few decades have resulted in confidence in its national currency, the dirham, as well as in its financial markets, said Ahmed Mohammed Al Madfa, Chairman of Sharjah Chamber of Commerce and Industry. In remarks during a meeting here with the visiting delegation from the States of Jersey, led by Senator Pierre Horsfall, Jersey's First Minister, Al Madfa said that investor confidence in the UAE 's economy was strong not only because of sound policies in place but also because of facilities that had been availed for investors, in addition to free movement of capital. For his part, Senator Horsfall expressed appreciation for facilities provided by UAE for investors and also welcomed the readiness of Sharjah Chamber of Commerce to continue to cerate conducive climate for the growth of trade and financial ties with Jersey. He stressed that Jersey is one of the world's main financial centres, whose links with the UAE go back for over 40 years. Today there are close links between the finance industry of both countries, he said. (The Emirates News Agency, WAM)


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