UPDATE 1-Dubai World restructuring deal seen soon - top govt official | Reuters:
"One of Dubai's top government officials said on Sunday he expected state-owned conglomerate Dubai World to reach a deal in the near future on renegotiating its debt repayment schedule.
Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai's Supreme Fiscal Committee, also dismissed concerns the emirate could overstretch itself again as it announces a raft of new construction projects.
But he added that Dubai would need to keep inflation under control if it was to remain an affordable place to live."
'via Blog this'
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