Dubai deal shows commitment to state-linked firms: official

By IBTimes Staff Reporter | May 23 2010 1:40 PM

Dubai's restructuring proposal for Dubai World's debt signals the emirate's commitment to state-linked firms, the chairman of Dubai's Supreme Fiscal Committee said on Sunday.

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Sheikh Ahmed bin Saeed al-Maktoum also said that the fiscal committee would set up a program to address vulnerabilities in Dubai's financial system and that the government of the United Arab Emirates would issue a federal debt management law later this year, according to a speech prepared for delivery.

(Writing by Cynthia Johnston)

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