Dubai will not sell any of its assets to bail out Dubai World, a top Dubai Government official said, adding that the group will be able to overcome the situation through restructuring its debts and by selling its own assets.
Abdul Rahman Al Saleh, Director-General of Dubai's Department of Finance, told Al Jazeera television channel that "part of the financing of Dubai World will be through asset sales and these are the company's assets, not the government's assets.
"The main goal of the restructuring of Dubai World is to ensure the continuation of its operation as a viable commercial entity. Liquidity or availability of cash — it's not the issue. The question is the future of the company. It is in the interests of the company to inject liquidity or restructure it to make sure it remains sustainable in the long term."
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