Dubai: The Dubai Government has categorically denied media reports that it has received offers to sell its financial assets.
Ahmad Humaid Al Tayer, Governor of the Dubai International Financial Centre and member of the Supreme Fiscal Committee, said Dubai has not received any offers to sell financial assets.
A statement issued by the Dubai Government Media Office said that Al Tayer also denied that Borse Dubai had received an offer for the purchase of its shares in the London Stock Exchange (LSE), and emphasised that Borse Dubai was not looking to dispose of its investment in LSE.
Al Tayer reiterated that Borse Dubai had successfully completed an early loan repayment and debt-restructuring last week.
Dubai World
Meanwhile, the newly-appointed chairman of the Dubai World group, which secured a debt-restructuring deal in September, renewed yesterday the company's pledge to meet its debt obligations.
"Shaikh Ahmad Bin Saeed Al Maktoum has stressed the commitment of the board to follow a process that would strengthen the company's performance... and its financial status to enhance its ability to meet its financial and contractual commitments," a statement said.
The Dubai government last week named a new board for the emirate's largest group, headed by Shaikh Ahmad, who is also chairman of Emirates airline and Dubai Airports.
Shaikh Ahmad also heads the Supreme Fiscal Committee, tasked with overseeing the emirate's debt restructuring.
