Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Wednesday 7 April 2010
Exclusive: Dubai can fund rescue plan, sees "small issues"
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 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 stumping up $3.8 billion from "internal government resources." The remainder comes from a previous loan from wealthy neighboring emirate Abu Dhabi.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment