Dubai talks finances with investors in Europe
June 2, 2010 It says the talks are not aimed at forging new deals but are
part of a "strategy of regular ongoing investor communications."
The department says the indebted city-state is committed to
providing regular economic updates to investors worldwide.
The department confirmed the talks in a brief statement
Wednesday. Officials wouldn't comment further.
Dubai is trying to work itself out from as much as $109 billion
in debt. Its inability to repay all its debts on time and concerns
about inadequate transparency sparked financial panic late last
year.
