Dubai World says Istithmar CEO's job safe

Dubai World said on Friday the chief executive of its Istithmar World unit would continue to lead the company, after reports his position was under review.

"Reports that ... David Jackson had left the company were incorrect," the state-owned conglomerate said in an e-mailed statement.

Earlier on Friday, Bloomberg said Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or its assets, citing people familiar with the plan. The sources said Jackson's job was under review.