The Dubai government says there is no need to issue any bonds, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Emirates Airline Group and Chairman of Dubai Civil Aviation, told media on the sidelines of the Summit on the Global Agenda.
“There is no plan to issue any bond so far, however, like any businessman we will take this chance once the market is ready for this,” he said, adding that there is no intention to capitalise the fund of the Dubai Supreme Fiscal Committee.
“Why do we have to inject more capital while our market is stable, our companies are making profit and the value of our asset is growing, as well as our assets in Europe going the same way in terms of valuation.”
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