November 28, 2009 / 8:53 AM / 10 years ago

Abu Dhabi to aid Dubai "case by case" -official

ABU DHABI, Nov 28 (Reuters) - Abu Dhabi, capital of the United Arab Emirates and one of the world’s top oil exporters, will “pick and choose” how to assist its debt-laden neighbour Dubai, a senior Abu Dhabi official said on Saturday.

“We will look at Dubai’s commitments and approach them on a case-by-case basis. It does not mean that Abu Dhabi will underwrite all of their debts,” the official told Reuters by telephone.

The government official declined to be identified because he is not authorised to speak to the media.

“Some of Dubai’s entities are commercial, semi-government ones. Abu Dhabi will pick and choose when and where to assist,” he said.

(Reporting by Stanley Carvalho via the Dubai newsroom; writing by Thomas Atkins; Editing by Raissa Kasolowsky)

Dubai Newsroom, +971 4 366 3222, dubai.newsroom@reuters.com

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below