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

New Dubai law to boost treasury

Posted on 18 December 2009

From Khaleejtimes.com: The Law, with the approval of the Supreme Fiscal Committee and in coordination with Investment Corporation of Dubai, allows for re-investing profits and surpluses revenues prior to relaying them to the government’s treasury.
Full financial data on these profits and surpluses have to be provided to the Dubai Department of Finance so that they are listed among the government’s public revenues………………………………..Full Article: Source

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