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

Documents show earlier Dubai World bailout

Posted on 09 December 2009

From Timesonline.co.uk: The property subsidiary of Dubai World, the stricken Gulf investment group, could have lost up to $6 billion (£3.7 billion) in the first half of this year had it not been given government bailouts, it has emerged.

The continued bad news from Dubai World sent investor confidence in the Gulf state crashing yesterday, while in Britain fears about the state-backed investment company hit Royal Bank of Scotland, one of its main lenders……………………………..Full Article: Source

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