Even as some international players contend Dubai has insufficient resources to cover its debt, a leading bank in the country says much of these claims are not based on truth.
"There has been a lot of exaggeration about what's going on in Dubai and much of it is not based on truth. What matters is what the leaders and appropriate authorities in Dubai say," Dr Adnan Chilwan, Executive Vice-President and Chief of Retail Banking at Dubai Islamic Bank (DIB), told Emirates Business.
"Recently, there have been statements which indicate Dubai will be able to settle or refinance its debts. This has been received very positively within the market and has put to rest a lot of speculation," he said.
No comments:
Post a Comment