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Emirates expects region to recover in 12-18 months

20-Jun-2011 12:57 PM

Emirates President Tim Clark stated that over the next 12 to 18 months, and following the political unrest in the region, "things will resolve themselves for the better and everyone will get on the move again. In the meantime, we just got to tough it out and manage what we have always been doing in our history [of] crisis after crisis." (Gulf News, 18-Jun-2011). Mr Clark stated the Tunisian market had recovered quite quickly, and Egypt is moving on quickly as well. However, he noted that "we have difficulties in Syria and Yemen at the moment. Libya, of course, is anybody's guess as to what is going to happen there. Bahrain is slow but it hasn't gone away completely."