Dubai government to continue backing state-linked firms-continued

February 16, 2012--Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai's Supreme Fiscal Committee has said the government is to continue to support state-linked entities,
Reuters has reported. "We will continue to support the GREs (government-related entities)," said Sheikh Ahmed. Asked whether the Dubai Financial Support Fund, created in 2009 to help Dubai entities, will need to be replenished after shelling out billions to support state-linked firms, such as Dubai World, Sheikh Ahmed replied: "I am pleased with the way business is going in every aspect."

Source: AME Info


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