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2.17 MB

Extraction Summary

2
People
3
Organizations
3
Locations
3
Events
3
Relationships
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Quotes

Document Information

Type: Interview transcript / q&a document
File Size: 2.17 MB
Summary

This document contains a transcript of an interview with a high-ranking UAE official, addressed as 'Your Highness'. The questions cover the impact of the global financial crisis on the 2009 and 2010 federal budgets, allegations of a 'Super Man' phenomenon in Dubai's leadership appointments, the status of infrastructure projects, and potential updates to legislative laws regarding the economy.

People (2)

Name Role Context
Your Highness
Emirati citizens

Organizations (3)

Timeline (3 events)

Global financial crisis
2009 federal budget
2010 budget preparation

Locations (3)

Location Context
UAE

Relationships (3)

instructed
interviewer of
interviewer of

Key Quotes (3)

"The “Super Man” phenomenon that you are talking about does not exist in our organizations and institutions."
Source
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Quote #1
"The economy is like a living being, whose demands and needs change with constant growth and development."
Source
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Quote #2
"We will continue working on the infrastructure projects without any delay."
Source
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Quote #3

Full Extracted Text

Complete text extracted from the document (3,016 characters)

rightful=2 0road. You ask how? I tell you: the global financial crisis is a challenge we have faced and surpassed
in its most difficult stages. We are insistent on developing the education and obtaining excellence in all our
projects and our work, in addition to protecting our favorable environment for innovation and leadership. What
we have achieved over the past 10 years is characterized with excellence and leadership, and we are capable
and determined to achieve what is more excellent, innovative and prominent in the future.
AL ITTIHAD
Your Highness, you asked the Ministry of Finance last year to prepare the federal budget
of the State 2009. The early announcement prior to the global economic crisis has
resulted in a deficit-free budget. Would the global crisis have implications on the 2010
budget, particularly with regard to the basic needs of Emirati citizens?
In the last three years, the federal budget was issued early and before entering the new fiscal year. The
submission of the budget for 2009 without a deficit is because its main provisions have not been affected by the
global financial crisis. I also do not think that 2010 budget will be affected. We still have seven months for the
year to end, and in my opinion this is quite a long period -- we may see by the end of it some positive indicators
that would help in accelerating the recovery of the global economy.
AL ITTIHAD
There are those who say that the senior positions in Dubai are granted to a few selected
people, which is described as the phenomenon of the "Super Man." How would you
comment on this?
My answer is that all positions are available to competent Emiratis and we are very keen on rejuvenating our
system. The “Super Man” phenomenon that you are talking about does not exist in our organizations and
institutions. I am aware of those reports but would invite you and others to conduct a search within those senior
positions to discover the truth on your own.
AL ITTIHAD
In light of the global crisis some companies announced the postponement and
rescheduling of some projects. What is the status of the infrastructure projects
undertaken by the government subsequent to the changes in the strategic plans?
We will continue working on the infrastructure projects without any delay. What is currently under
implementation will be completed, while we will re-schedule the new projects. The changes of the strategic
plan will be announced as soon as the committee finishes reviewing them. Plans are always subject to change in
normal times and in times of crisis.
By Al-Khaleej Daily
Despite the competitive investment environment enjoyed by the UAE, with its advanced
regional advantages, there are some aspects of the legislative environment that do not
quite match the levels of development and state of the national economy. Do we expect
any updating of the present laws, soon?
The economy is like a living being, whose demands and needs change with constant growth and development.
HOUSE_OVERSIGHT_024946

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