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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Dubai has to pay back $10 bln aid -Abu Dhabi

Posted on 17 December 2009

From Maktoob.com: Dubai’s government said Wednesday it would repay the $10 billion it received from Abu Dhabi earlier this week to help it meet financial obligations for its struggling conglomerate Dubai World.

Dubai said Monday it received $10 billion from neighboring oil-rich emirate Abu Dhabi to pay part of the debt of Dubai World and its property unit Nakheel but didn’t provide any details on whether any terms were attached to the deal………………………………..Full Article: Source

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