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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Noor benefits from Dubai bailout cash

Posted on 22 June 2009

From Maktoob.com: Noor Islamic Bank, which is 25 percent owned by the SWF Investment Corporation of Dubai (ICD) , has received a portion of the emirate’s $10 billion economic bailout bond in the form of deposits, the company’s chief executive said.

“We received part of the Dubai $10 billion bond in deposits,” Hussain al-Qemzi said in an interview Sunday. “We also received deposits from the Mnistry of Finance.”……..Full Article: Source


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