What did Khalifa do during the financial crisis of 2007–2008?
Sold national assets
Directed bailout funds into Dubai
Took a loan from IMF
Declared bankruptcy
Answer
Khalifa directed bailout funds to Dubai during the 2007-2008 financial crisis. This decision was met with criticism, as many believed it was a misuse of public funds. However, Khalifa defended his decision, arguing that it was necessary to support Dubai's economy and prevent a wider economic collapse in the region.
The Legacy of Sheikh Khalifa: Test Your Knowledge on the President of the UAE
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