Sheikh Ahmed bin Saeed Al Maktoum, uncle of the Ruler and chairman of Emirates airlines, told a press conference: 'We are working on opening the capital of some of our leading companies to the public.'
The sheikh, who is also chairman of the Dubai Supreme Fiscal Committee which in charge of financial affairs, added that the emirate needed to 'regroup, review and reconsider some of our investments and re-challenge our competitive edge'.
The comments, made on the anniversary of Dubai's first admission of its debt crisis, caused shares in the state-controlled companies to drop."
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