Complex Made Simple

Dubai’s total borrowings amount to Dhs115.4bn

According to an investor presentation made by the Dubai's department of finance, the total outstanding external term borrowings of the emirate stood at Dhs115.4bn as on May 20, Zawya Dow Jones has reported. Dubai's nominal GDP was Dhs300.8bn in 2010 and its total direct debt/nominal GDP ratio about 38%, the data showed.