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Mohammed bin Rashid: UAE will benefit most from global transformations in 2015

posted on 15/12/2014: 2529 views

Transformations and changes the world will witness in 2015 will produce positive outcomes for the UAE, given its diversified and vibrant economic base which benefits from international trade, strong confidence in the stability of the State and rich accumulated experiences in handling various events and changes, Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has stated.

Sheikh Mohammed made his remarks while attending the Arab Strategy Forum (ASF 2014) yesterday in Dubai, which explored possible political and economic prospects in the region in 2015.

Commenting on the sessions, Sheikh Mohammed said the UAE had earlier prepared itself to face many world economic scenarios and had devised its domestic and foreign policies so that they might respond and adapt to all social and technological changes, and even political changes, through diversification of its economy away from relying upon oil exports.

The UAE, he continued, had also built balanced relations with other world economic powerhouses, far from narrowed alliances, and established a transparent foreign policy that is based upon active cooperation with all countries to pursue its interests.

Further, HH said he remains optimistic that positive political indices would emerge in our region in 2015, despite the formidable challenges the region is currently facing, noting that Egypt had strongly begun to regain its economic and political stability, the impact of which will be seen next year. There are also many positive signals regarding Iran's nuclear file, whose the start of its closure could be in 2015.

Additionally, he said a strong international alliance to counter terrorism indicates that a state such as Iraq could witness more stability.

On the economic plane, Sheikh Mohammed predicted that many Arab economies that import oil could benefit from low oil prices in the next year, positively impacting on the development, stability and market movement. HH also expected that several development projects in the Gulf countries would be launched and strong economic partnerships with some countries, such as Egypt and Jordan, would be forged.

Concluding his outlook for 2015, Sheikh Mohammed said, 'Despite the many challenges we are living through every day, and those we are going to live through in the future, we must always look at the positive aspects in our region, work to develop and take the best of them, avoid exaggerated media analyses which paint a bleak future for the region, because good is always on the side of the optimistic, who work for it and vice versa.

In attendance were H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, Mohammed bin Abdullah Al Gergawi, Minister for Cabinet Affairs, and an elite of media persons, along with others. – Emirates News Agency, WAM -

Mohammed bin Rashid: Arab world braces for rapid changes

The Arab world will experience economic, political and social changes that require governments to adopt flexible and wise policies to cope with them, Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum had said.

In a statement made ahead of the opening of the Arab Strategy Forum, Sheikh Mohammed said that politicians, economists and intellectuals were also required to look for answers to the future and the changes it will bring.

"part of investing in the future is to invest in foreseeing it and to prepare the tools and plans for it," he said.

In order to succeed in this rapidly changing world, Sheikh Mohammed went on, we need a clear, long-term vision and flexible and short-term evolving plans.

Sheikh Mohammed said the UAE had become an economic and political force in the region and the world "because we had a head start in studying the future and its implications. We are part of an extremely complex region, a well connected global economy and a fast changing world of technology and therefore, there is more need to invest in the future." The Arab Strategy Forum, beginning tomorrow, will host, among others, political expert Francis Fukuyaman, author of End of History and Paul Krugman, holder Nobel Memorial Prize in Economic Sciences and a number of experts in a bid to draw a map of the state of the world and the state of the Arab world in 2015.

The forum will discuss the main expected political and economic changes in addition to mapping the main influential powers and major economic trends. – Emirates News Agency, WAM -


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