Dubai’s plans to sell $10 billion of bonds to support its state-related companies will “depend on its needs at the time”, the Minister of Economy Sultan Bin Saeed Al Mansouri said, according to Bloomberg.

Issuing bonds is a good option considering the strength of the overall economy, Al Mansouri said, adding “look at this country and what it has provided to the people in terms of its economy, the strength of its economy and our reserves”.