Wednesday 15 February 2012

Dubai government still backs state-linked firms: Sheikh Ahmed | Alrroya

The Dubai government will continue to support state-linked entities, the chairman of its Supreme Fiscal Committee said on Wednesday, two weeks after it walked away from debt talks at Dubai Group.

Sheikh Ahmed bin Saeed al-Maktoum, who is also chairman of Dubai's largest bank Emirates NBD and Emirates airline , spoke on the sidelines of an economic outlook event.

"We will continue to support the GREs (government-related entities)," said Sheikh Ahmed, who is uncle to the ruler of Dubai and a close advisor.

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