Dubai World asset sale to finance debt
Hindustan Times, December 8, 2009, P25
Dubai World will sell some of its assets to part finance its $26 billion (Rs 1.2 lakh crore) debt, the Director-General of Dubai's Department of Finance, Abdul Rahman Al Saleh, told the Al Jazeera television. He said the government will not sell any of its assets to bail out the conglomerate, but added that the Dubai Financial Support Fund could extend support to Dubai World if needed. The Dubai Financial Market slumped by more than five per cent on Monday.
Tuesday, December 8, 2009
Dubai World asset sale to finance debt
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