<p>Lawless told Forbes: “Jumeirah and Dubai Holding are part of each other. Jumeirah is not going anywhere.”<br /><br />Dubai Holding is a private investment conglomerate owned by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.<br /><br />Lawless also denied speculation that Jumeirah’s parent company, Dubai Holding, would soon follow another state-owned company Dubai World in seeking multibillion-dollar debt restructuring, Forbes said.<br /><br />“Dubai Holding will be fine,” Lawless told Forbes, adding that the present Dubai crisis would soon bottom out.<br /></p>
<p>Lawless told Forbes: “Jumeirah and Dubai Holding are part of each other. Jumeirah is not going anywhere.”<br /><br />Dubai Holding is a private investment conglomerate owned by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.<br /><br />Lawless also denied speculation that Jumeirah’s parent company, Dubai Holding, would soon follow another state-owned company Dubai World in seeking multibillion-dollar debt restructuring, Forbes said.<br /><br />“Dubai Holding will be fine,” Lawless told Forbes, adding that the present Dubai crisis would soon bottom out.<br /></p>