Indian Envoy to UAE says No Help for Returning Workers

The Indian envoy to the UAE, Talmiz Ahmad says there will be no help for workers returning to India as the global downturn drops demand for unskilled workers in the construction sector in the Emirates.

They must "live with the consequences of their decisions," he said in an interview last week. Attempting to put a positive spin on things, he also stated that he had not seen "any evidence of the so-called "liquidity crisis," in the UAE. One can only assume he is unaware of the recent bailout of Dubai's two biggest lenders, the $10 billion raised in Dubai by borrowing more money from Abu Dhabi, the collapse of property prices across the UAE and the fact that many developers are unable to repay deposits on cancelled projects.

Either that, or as he so clearly states "The UAE is India's third biggest trading partner."

Mr. Ahmad seems firmly convinced that the UAE government's decision to make the market as opaque as possible is a sure sign that things are not as bad as the press makes out....