Monday 13 December 2010

gulfnews : Dubai can meet $18b debt due next year

The combined debt maturities of Government of Dubai and the government-related entities (GREs) for next year is estimated at $18 billion (Dh66.20 billion) and the emirate has ample options to meet its obligations on time, said economists of Standard Chartered on Sunday.

"We estimate the total debt maturities of sovereign and quasi-sovereign entities of Dubai at $18 billion. With the most challenging of the debt issues restructured, we expect the government and the GREs to manage the debt maturities through market funding sources," said Shady Shaher, an economist with Standard Chartered in Dubai.

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