The total debt of cash-strapped Dubai could be as much as $170 billion, much higher than earlier reported, according to a report by EFG-Hermes regional investment bank. “The total debt held by Dubai Inc could well be in the range of $130-170 billion,” the bank said in its 201…
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Dubai’s $10B bailout by Abu Dhabi calms fears
Posted on: December 15th 2009 in Market News.
Abu Dhabi feeds Dubai $10 billion to cover debt on deadline, calming financial worries for now DUBAI, United Arab Emirates (AP) — Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federat…
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