Dubai says to repay 2015 debt on time, more firms to pay early | Reuters

Dubai says to repay 2015 debt on time, more firms to pay early | Reuters:



"Dubai will not have any issues in repaying all its debt maturing in 2015, and more state-linked firms are likely to repay obligations ahead of schedule, a top government official said on Tuesday.



"We will have no issues in repaying debt coming up next year," said Sheikh Ahmed bin Saeed al-Maktoum, a close advisor and uncle to Dubai's ruler.



Sheikh Ahmed, a key figure in the emirate's recovery from its 2009 debt crisis, was speaking to Reuters on the sidelines of a Dubai travel industry conference. He heads Dubai's supreme fiscal committee.



"We saw some companies paid before time already. I think you might see some more like this in the year to come.""



'via Blog this'