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Dubai ’strong and persistent’ says ruler

Posted on 02 December 2009

From Tradearabia.com: The Ruler of Dubai said on Tuesday the emirate was ’strong and persistent’, despite the global reaction to its plans to restructure a conglomerate that he said manifested a lack of understanding.

Dubai, one of seven members of the UAE federation, alarmed global markets last week when it asked for a six-month repayment freeze on debt issued by Dubai World and its unit Nakheel, two of its flagship developers……………………………Full Article: Source

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