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Dubai’s debt could be as much as $170 bn: report

Posted on: January 20th 2010 in Market News.

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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