Sultan bin Saeed al-Mansoori says he believes Dubai International Capital, or DIC, will not need federal aid. Such aid was required after another Dubai investment engine, Dubai World, shook financial markets last year when it couldn't meet debt payments.
DIC said Thursday it is seeking a three-month extension on repaying some creditors. DIC is part of a holding company owned by Dubai's ruler.
Al-Mansoori said Saturday that the country expects 2.5 percent growth this year. That compares with 1.3 percent last year as the global economic crisis ended Dubai's boom years.
