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Sheikh Mohammed bin Rashid receives US Treasury Secretary

posted on 03/06/2008: 648 views



HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai received yesterday US Treasury Secretary Henry Paulson.

Sheikh Mohammed and the visiting US official discussed ways of boosting bilateral cooperation in view of the new open markets policy which the US has adopted. Paulson told Sheikh Mohammed that the US would keep its markets open to Arab foreign investments and sovereign wealth funds. The issue of the dollar pegging was also discussed. The UAE currency, said Sheikh Mohammed, will remain pegged to the dollar as long as it is in the interest of the UAE's national economy.

For his part, Secretary Paulson commended the visionary leadership of Sheikh Mohammed, adding that latest political and developments in the region have proved the correctness of Sheikh Mohammed's vision. – Emirates News Agency, WAM

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