Alabbar said Dubai's debt obligations currently stand at $80 billion.
Dubai can and will meet all its debt obligations, which currently stand at $80 billion, the chairman of Emaar Properties said on Monday.
Mohamed Ali Alabbar, also a member of Dubai’s Executive Council, said Dubai’s sovereign debt obligations currently stood at $10 billion, while the total debt obligations of state-affiliate companies was $70 billion.
"Let me state categorically the government can and will meet all its obligations going forward," Alabbar said, speaking at a conference in Dubai.
"This city as a part of one strong nation will continue to grow and triumph."
So Dubai suddenly wants to be part of the nation again instead of setting out to distinguish themselves as primadonna's!!
I'm sorry does somebody have the figures for the Abu Dhabi sovereign fund standings, oh that's right only the biggest in the world
Ho hum....life in the Capital goes on
