Dh30bn flowed into UAE after revolts

February 12, 2013 - 4:58:55 am
DUBAI: About Dh30bn ($8.2bn) of funds have flowed into the United Arab Emirates over the past two years from countries hit by the Arab Spring uprisings, the UAE’s prime minister said yesterday.
“We received 30 billion dirhams from the Arab Spring...plus/minus,” Sheikh Mohammed bin Rashid Al Maktoum, who is also Dubai’s ruler, said in answer to a question by a member of the public at an open forum of government officials. Large amounts of capital fled Egypt, Tunisia, Syria, Yemen and other Arab countries in search of safe havens after turmoil in Arab Spring countries.
Reuters
comments powered by Disqus