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Sovereign Wealth Funds Briefing - Categorized | Investment

New funds put bank on target

Posted on 30 June 2009

From Thenational.ae: Emirates NBD is close to securing a Dh3.5 billion ($US953 million) government cash injection that will allow the UAE’s largest lender to meet new capital adequacy targets set by the Central Bank late last year.

Most of the cash is expected to come from the Government of Dubai, which owns 56.6 per cent of Emirates NBD through the Investment Corporation of Dubai (ICD), its investment arm……..Full Article: Source


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