- Mohammad Al Shaibani
- Image Credit: Gulf News
Dubai has the money to pay its share of Dubai World's rescue plan and can help other state-linked firms that may be facing "small issues", the vice-chairman of the emirate's top fiscal body said in an interview.
Dubai unveiled a $9.5-billion (Dh34.8-billion) rescue plan for Dubai World last month, as part of its offer to repay creditors of the state-owned conglomerate. The plan relies on Dubai providing $3.8 billion from "internal government resources".
"We have money available, from companies like ICD [Investment Corporation of Dubai], quite big government dividends, so this is not an issue," said Mohammad Al Shaibani, who helps oversee the distribution of aid to state-linked firms through Dubai's Financial Support Fund, set up in the wake of the financial crisis.
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