Dubai considers state sell-off

Dubai may sell off stakes in state-owned companies, top financial officials said yesterday, as the Gulf Arab emirate tries to dig itself out of a $100bn-plus (£64bn) debt pile. The emirate suffered a blow to its reputation a year ago when state-linked conglomerate Dubai World announced it would ask creditors for a standstill agreement on almost $25bn in debt. "Dubai World is now on a sound financial footing," said finance chairman Sheikh Ahmed bin Saeed al-Maktoum