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| Dubai fund gives Nakheel $2.45 bln: finance chief |
| 2009-12-09 |
| [Al Arabiya Latest] A Dubai fund designed to help state-linked firms had given Dubai World's property unit Nakheel $2.45 billion to meet obligations, Dubai's finance chief said on Tuesday, but it was unclear when the money was disbursed. "The fund ... has given about 9 billion dirhams ($2.45 billion) to Nakheel to meet its obligations," Abdul Rahman al-Saleh told Al Arabiya. Saleh said the money had been injected since "the crisis," but did not specify if he was referring to the global financial crisis which hit the emirate's real estate sector late in 2008 or the Dubai World debt issue. |
| Posted by:Fred |