Dubai, 18th Nov. 2008 -- Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum received today CEO of Russian Technologies State Corporation Sergei Chemezov.

Sheikh Mohammed and his guest took stock of the global economic situation and the role of governments in anchoring national economies in line with a new long term approach based on balanced policy and capable of crafting a remedy to ills of the international financial order.

The CEO of the Russian giant group expressed his sincere desire to extend bridges of communication and cooperation with public and private sectors in the UAE for the sake of building a fertile business ground based on a common vision to serve mutual interests.

The Russian official briefed Sheikh Mohammed about the new restructuring-driven business and investment policy of his company.

The Russian giant has joint world investment portfolios and nearly 450 branches in Russia.(WAM/TF)