Experts: Early repayment confirms the durability of Dubai’s economy

Experts: Early repayment confirms the durability of Dubai’s economy

Reda Mosallam, managing partner of Truth Economic and Management Consultancy, said that Dubai World’s success in paying early debts before its due date is good management of funds despite the difficult global conditions imposed by the Corona pandemic, explaining that early payment was made using asset sales and dividend payments & canceling DP World from the NASDAQ Dubai, which contributed to the strengthening of the debt restructuring process.

Mosallam said that the announcement of this positive news confirms the ability of the Emirate of Dubai to manage its money efficiently and professionally in light of this current crisis, in a way that supports and enhances confidence in its economy and its global position.

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