Friday 27 January 2012

Dubai 'will hit targets' over debt repayments - The National

Dubai will meet its challenging schedule of debt repayments this year, one of the emirate's leading executives said at the World Economic Forum (WEF) in Davos.

"Without a doubt, Dubai will get through that programme, I have no concern about that," said Mohammed al Shaibani, the chief executive of the flagship holding company Investment Corporation of Dubai.

He was speaking on the sidelines of the main gathering at the Swiss town, where global power brokers and opinion formers gather every year. A high-profile team from the UAE is present at the WEF.

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