Updated Tuesday, October 20, 2009 10:47 am TWN, AP

Indebted Dubai plans to meet potential investors

DUBAI, United Arab Emirates -- The Dubai government is planning to meet with potential investors in Europe, Asia and the Middle East this week as it tries to dig itself out from under at least US$80 billion in state-linked debt. Mitsubishi UFJ Securities International said in a statement Monday that Dubai's Department of Finance will meet with fixed income and Islamic investors starting Thursday.

Mitsubishi, Dubai Islamic Bank, Standard Chartered and UBS Investment Bank are arranging the meetings on Dubai's behalf.

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