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IMF urges Gulf states to support financial firms

Posted on 22 July 2010

From Arabnews.com: The International Monetary Fund on Wednesday urged Gulf Arab states to lend further support to financial firms, shut down unworkable companies and boost transparency as they emerge from the global economic crisis.
The organization’s latest recommendations come as the city-state of Dubai works itself out from more than $100 billion in debt amassed by its Dubai World conglomerate and a web of other state-linked companies, whose credit woes cast a shadow on economies across the region……………………………………….Full Article: Source

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