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Emirates has $4bn in reserves: Sheikh AhmedEmirates, Dubai's flagship carrier, has $4 billion in cash reserves, its chairman Sheikh Ahmed bin Saeed Al-Maktoum told Al-Arabiya television on Wednesday. Emirates placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air S More… |
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Arab economy safe, 'ready to bear any shock'Arab finance ministers have shrugged off any threat to their economies from political upheaval and a global slowdown, saying ample cash reserves and mutual support would ensure they withstand new shocks. The 22 ministers promised to help e More… |
