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Dubai says Sets Up Panel to Tackle Crisis Impact - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Dubai has set up a committee to recommend ways to tackle the impact of the global financial crisis on the emirate’s economy, including real estate and banks, a government finance official said on Wednesday.

“The purpose of the committee is to assess the impact of the global financial crisis on Dubai and what can be done in sectors including real estate and banking,” said Nasser al-Shaikh, director-general of the Dubai Department of Finance.

“It will make recommendations to the ruler on the way forward for critical areas that have to be tackled to withstand future challenges,” Shaikh told Reuters.

The committee is headed by Mohamed Alabbar, chairman of Emaar Properties, he said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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