Dubai official: Dubai World's debt its own
DUBAI, United Arab Emirates – A top Dubai finance official says heavily indebted Dubai World is not guaranteed by the emirate's government. Abdulrahman al-Saleh, director general of Dubai's Finance Department, says lenders to the conglomerate bear some responsibility for the current crisis. (snip) Al-Saleh said while Dubai owns Dubai World, it has been known since the conglomerate was established that it was independent and that it "is not guaranteed by the government."
Original Article: Forum: News/Activism
Tags: Abdulrahman, Al Saleh, Conglomerate, Director General, Dubai United Arab Emirates, Emirate, Finance Department, Lenders, United Arab Emirates, United Emirates, X27