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Dubai Finance chief pinpoints companies for $10 bln aid

Posted on 25 March 2009

From Khaleejtimes.com: Urgent action is needed to shore up Dubai World’s Nakheel, developer of the emirate’s signature palm-shaped islands, and Dubai Holding, an investor in Sony of Japan and Europe’s EADS aerospace group, Dubai’s finance chief said on Tuesday.

However, Emaar Properties, the largest real estate developer in the UAE, is not asking for emergency financial support because “it believes it can handle” the crisis, Nasser Al Shaikh, Director-General of the Department of Finance, said in an interview…..Full Article: Source

 
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