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Sovereign Wealth Funds Briefing - Categorized | Market

Dubai World’s fund report in Al-Ittihad is ‘not new’

Posted on 24 February 2010

From Businessweek.com: A report that Dubai government allocated 18.3 billion dirhams ($5 billion) to Dubai World on a commercial basis didn’t reflect a new development, a spokeswoman of the emirate’s Department of Finance said.

“This is not new,” the spokeswoman said, who declined to be identified in line with government policy, when asked to comment on the report in Al-Ittihad newspaper today………………………………….Full Article: Source

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