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Dubai asks for surplus funds from govt firms

Posted on 18 December 2009

From Maktoob.com: Dubai’s ruler on Thursday issued a law ordering government-linked companies to transfer surplus revenues to the emirate’s treasury and requires better control of public spending and transparency.

Dubai received a $10 billion bailout from neighbouring Abu Dhabi this week to help meet debt obligations of its flagship company Dubai World………………………………..Full Article: Source

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