(Corrects after Dubai government clarifies earlier statement which it says was meant to refer to government departments only, not to state-related entities)

Dubai's ruler on Thursday issued a law ordering government departments to transfer surplus revenues to the emirate's treasury and requires better control of public spending and transparency.

Dubai received a $10 billion bailout from neighboring Abu Dhabi this week to help meet debt obligations of its flagship company Dubai World .

The decree from Sheikh Mohammed bin Rashid al-Maktoum aims to regulate government departments' public spending and control government revenues (and) provide an accurate database for revenues and expenditures.

(Reporting by Rania Oteify; Writing by Amran Abocar; Editing by Jason Benham)

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