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UAE gov't plans no cash injection into markets

 
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Kirk
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PostPosted: Fri Nov 21, 2008 7:07 am    Post subject: UAE gov't plans no cash injection into markets Reply with quote

The UAE's Minister of Economy Sultan Al-Mansouri said the government has no plans to inject money into the country's ailing stock markets, reported The National. The UAE is a 'free market and we are going to keep it open', Al-Mansouri said, adding that 'we are not going to make the same mistakes that other economies have done'. Dubai's main index has fallen more than 65% this year, while Abu Dhabi's is down more than 37%.

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