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DEC Chief Hails UAE Government Moves


26 October 2009
DUBAI — Measures taken by the UAE government have succeeded in stabilising the banking sector and restoring depositors’ confidence in the financial system, a top government official said.

Many regional and global studies show recovery signs in the UAE economy, Hani Al Hamli, Secretary-general of Dubai Economic Council, or DEC, said in a statement.

To discuss the impact of the global eocnomic crisis and actions taken by the governments, Dubai Economic Council, or DEC, is organising a Dubai Economic Forum under the title: Global financial Crisis: Impacts, Policy Responses and Future Prospects. The two-day forum is scheduled to start from October 27. The aim of the forum is to address the global crisis issues and find policy responses.

“The idea of the forum emerges in terms of Dubai Economic Council keen in organising the activities that monitor the economic development incurring in international, regional and local levels, and to discuss the alternative policies to cope with these developments, to participate in enhancing the economic development process,” Al Hamli said.

He believed that one of the forum advantages would be to gather the UAE’s local and federal level economic decision makers along with business community and international experts. 

 abdulbasit@khaleejtimes.com

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