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Dubai World $60bln liabilities add to Emirate’s debt woe

Posted on 21 August 2009

From Zawya Dow Jones: Government-owned Dubai World holds almost $60 billion in liabilities on its balance sheet, raising concerns that the sheikdom’s debts may be far greater than initially thought, recent figures show.

At the end of last year, the conglomerate had 217.8 billion U.A.E. dirhams ($59.1 billion) in liabilities against AED365.8 billion in assets, according to a statement posted on NASDAQ Dubai’s Web site on July 31………….Full Article: Source

 
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