Official says Dubai won't need debt bailout by Abu Dhabi

November 28, 2010 13:56


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

DUBAI, United Arab Emirates — A senior Dubai fiscal planner said Sunday that he doesn't foresee the need for another debt bailout by the sheikdom's oil-rich neighbor Abu Dhabi.

Ahmed Humaid Al Tayer suggested that Dubai has made strides to restructure its debt-ridden companies and no longer will need outside help to meet debt payments.

Al Tayer, the governor of the Dubai Financial Center, joined other Dubai officials to review the state of debt-saddled emirate's finances a year after the global economic crisis put the brakes on it's white-hot growth.

Abu Dhabi stepped in with a $10 billion bailout to keep Dubai from defaulting and to calm international markets.

Related Content

Breaking news
August 15, 2018
Trump's National Security Advisor John Bolton to visit Israel next week