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Arabia |
Dubai commits $9.5 bln to troubled Dubai World |
2010-03-26 |
[Al Arabiya Latest] The Dubai government unveiled plans to recapitalize its indebted Dubai World flagship and repay Nakheel bonds in full, injecting what it said was $9.5 billion in new funding, but without new aid from Abu Dhabi. "This will be funded by $5.7 billion remaining from the loan previously made available from the Government of Abu Dhabi and from internal Dubai Government resources," according to a government statement." |
Posted by:Fred |