"... Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, who is also the United Arab Emirates' vice president, prime minister and defense minister, said the global reaction had shown "a lack of understanding." "We have the determination and will power to face all challenges, including the ill-intentioned media challenges," Sheikh Mohammed said, according to a statement from his office.
Sheikh Khalifa bin Zayed al-Nahayan, president of the UAE and ruler of Abu Dhabi, said the UAE economy was showing signs of gradual growth in the fourth quarter.....
In London, ratings agency Moody's said it estimated the Dubai government and its related entities carried $100 billion of debt, above the market estimate of around $80 billion. Moody's also said ports operator DP World and Jebel Ali Free Zone had approximately $10 billion in debt...."
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