State-owned conglomerate Dubai World said the Government will provide financial support to cover its working capital expenses.
"As long as a standstill is successfully implemented, Dubai World has assurances that the Government of Dubai, through the DFSF, will provide financial support to cover working capital and interest expenses to ensure the continuity of key projects," an statement from Dubai World said.
The DFSF, Dubai Financial Support Fund, has been set up to manage the money being used to pay off the emirate's debt.
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