Dubai will be able to meet all debt obligations due in 2011, including a $4 billion loan owed by its investment fund, a member of the Gulf Arab emirate's top fiscal body said on Tuesday.
Ahmed Humaid al-Tayer, part of the Supreme Fiscal Committee which was tasked with steering Dubai through a crippling debt crisis, also said the emirate's economic outlook was "looking good" in 2011.
Dubai has about $30 billion of debt maturing over the next two years, with $12 billion of that due this year. The largest is the $4 billion loan to Investment Corporation of Dubai which falls due in November.
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