"They (the creditors) think Dubai World is part of the government, which is not correct. The government is the owner of the company, but since its foundation it was clearly established that the company is not guaranteed by the Dubai government," Dubai's Department of Finance Director General Abdulrahman al-Saleh told Dubai Television.
Is this the time to use India's forex reserves to bail out Dubai? The emirate might be grateful, but how would the others in the United Arab Emirates react? asks TVR Shenoy.
