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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai support fund may need up to $2.4bln: J.P. Morgan

Posted on 01 March 2011

From Brecorder.com: Among assets that Dubai could sell, JP Morgan cited non-core investments under the emirate’s sovereign wealth fund, the Investment Corporation of Dubai (ICD), such as stakes in Union National Bank , Dubai Aluminium, and Borse Dubai.
State-linked companies, collectively referred to as Dubai Inc, came under the spotlight in late 2009 when one of the emirate’s largest holding companies, Dubai World began to restructure about $25 billion in maturities……………………………………….Full Article: Source


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