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Dubai launches ‘Financial Support Fund’ to bolster economic growth

Posted on 23 July 2009

From Saudigazette.com.sa: Dubai’s government said Wednesday it is creating a “Financial Support Fund” charged with managing and distributing $20 billion worth of state funds to cash-strapped companies in the emirate.
In a statement announcing the fund, Finance Department Director General Abdulrahman Al-Saleh said the payouts will be provided to government-linked companies as loans based on their projects’ “strategic and developmental importance” to the city-state………Full Article: Source

 
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