Monday 12 November 2012

UPDATE 1-Dubai sees no need to recapitalise support fund | Reuters

Dubai sees no need to recapitalise the financial support fund which provides aid to indebted state-linked companies, Sheikh Ahmed bin Saeed al-Maktoum, the head of the emirate's Supreme Fiscal Committee, said on Monday.

"No, we do not need to do anything like that. All the companies are doing well," Sheikh Ahmed told reporters in response to a question.

Sheikh Ahmed did not specify how much money was left in the Dubai Financial Support Fund, saying he did not remember the exact figure.

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