The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Italian TV hosts Al Ghurair on Global Financial Crisis

posted on 24/10/2008: 695 views

Rome - The Federal National Council Speaker HE Abdul Aziz Al Ghurair, stressed the need for global solidarity to protect the global economy amid adverse effects of the current global financial crisis.

Speaking to Italian TG5 TV, he added that "it is high time to take appropriate measures to protect the global economy from collapse instead of waiting to see it happens". About the role of sovereign funds towards the crisis, Al Ghurair noted that these funds enter the world market with the conditions as investment funds, but not for managing companies and their financial policies.

On the relations between Gulf and European Union banks, he underlined that the Gulf banks operate in line with partnership, as they are looking forward to long term investment projects, adding that the weakness of euro due to the current global crisis does not affect GCC countries, because their currencies are pegged with US dollar. The weakness of euro will spur GCC countries to invest in Europe.

He said GCC countries have confidence in EU economy, the biggest market in the world, citing that the UAE has executed investment projects with Italian companies, such as Ferrari, Feinmechanik and others. Italy is also looking forward to investing in the Gulf. – Emirates News Agency, WAM


29 June 2017 Mohamed bin Zayed gets phone call from Bill Gates
22 June 2017 Mohamed bin Zayed, Serbian President discuss bilateral ties of friendship, cooperation
22 June 2017 Mohamed bin Zayed holds talks with French President
22 June 2017 Abu Dhabi Crown Prince, French FM discuss strengthening relations
14 June 2017 Mohamed bin Zayed and President of Russia discuss regional development, efforts to combat terrorism

Most Read