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Dear Jeffery
Attached is Shaikh Mohammed interview
Sultan

Dubai ruler 'not worried'
about ability to repay debts

by Haris Anwar on Wednesday, 09 September 2009

The image is a pattern of short, diagonal lines arranged densely in a gray background. A large "X" shape is superimposed across the pattern.

DUBAI RULER: Sheikh Mohammed Bin Rashid Al Maktoum. (Getty Images)

Dubai's bonds rallied and the cost to protect its debt slumped to the lowest since March after the emirate's ruler Sheikh Mohammed Bin Rashid Al Maktoum said he is "not worried" about its ability to repay debt.

"I assure you we are alright, the UAE is alright, and we are not worried," Sheikh Mohammed told reporters late yesterday at his Zabeel palace in Dubai, when asked whether Dubai would be able to repay the loans. Sheikh Mohammed is also the prime minister of the United Arab Emirates, a union of seven states of which Dubai is the second-biggest after Abu Dhabi.