MIDDLE EAST The ruler of Dubai on Tuesday sought to deflect criticism of his economic policies by attacking the media for its coverage of the crisis and global markets for misreading an announcement by Dubai World, a state-owned company with debts of $59bn.
Responding to questions on the global fallout from Dubai World’s request for a standstill on its debts Sheikh Mohammed bin Rashid Al Maktoum said: “they do not understand anything”. His comments were his first in public since the debt crisis erupted last week.
