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FINANCIAL NEWS
Dubai has risks for USD31b debt repayments: IMF
02 Apr 2011
(MENAFN) The International Monetary Fund stated that Dubai could face significant risks as the emirates tries to repay the USD31 billion of debt due in 2011 and 2012, reported the National.
The IMF added that due to a lack of a transparent strategy to address financing for government-related companies, Dubai might even pay higher borrowing costs.
IMF also pointed out a defect in the government’s strategy of using profits from well performing companies to refinance other failing ones.
It is worth noting that 5 billion US dollars of Dubai’s debt are in the real estate sector.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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