Funds from an emergency $10 billion programme to assist Dubai's debt-strapped companies will flow to businesses within two weeks in the form of loans or through banks, a senior official said on Thursday.
"Dubai-based companies will be drawing on it soon," Nasser al-Shaikh, head of Dubai's finance department, said at a conference.
Dubai launched the $10 billion bailout plan in February, paid for by bond purchases from the United Arab Emirates central bank in a move lauded by investors for restoring confidence in the former boomtown, hard hit by the financial crisis.
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