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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai ‘in tight spot over mushrooming debt’

Posted on 23 December 2009

From Tradearabia.com: Dubai must raise funds to feed its mushrooming debt but the Gulf emirate dreads imposing taxes to avoid breaking a business model that helped turn it from a lazy fishing town to a regional trade and tourism hub.

Selling some prized assets appears to be an easier option, said analysts…………………………………..Full Article: Source

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