06-09-2010 - The two state-owned holding companies such as the Dubai Holding and Dubai World already raised funds by selling some of its assets that worth almost AED 3.1 billion a year ago. But still they need to raise more billions in order to repay all its debts off.

So far the Dubai World is still in the state of restructuring its AED 23.5 billion debt from bank creditors. But last month, August, the company was about to sell its prized assets such as the ring-fenced ports DP World. It was actually in a bid to raise at least as much as $19.4 billion just to repay those involved creditors.

The following are the major assets being sold. They are as follows: Dubai Investment Capital's sale of its 17 stake in Merlin Entertainments, Dubai Financial Groups' Offloading of its holding in Egyptian Investment Bank, and Istihmar's sale of One Trafalgar Square in London to a private Russian investor.

Moreover, the Investment Corporation of Dubai, which is another state-owned holding company, also has assets such as the Emirates Airline and Emirates NBD; bu there is no inclination that it will also sell some of its assets.