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Dubai Ruler announces board for $20bln fund

Posted on 13 August 2009

From Thenational.ae: Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, yesterday appointed two men, his top financial official and a government banker who specialises in selling property loans, to run the new fund distributing US$20 billion (Dh73.46bn) in emergency funds to government-related companies.

Sheikh Mohammed issued a royal decree naming Abdul Rahman al Saleh, the director general of Dubai’s Department of Finance, as the chairman of the Dubai Financial Support Fund, which was established last month…………Full Article: Source

 
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