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Sovereign Wealth Funds Briefing - Categorized | Financials, People

Dubai’s repayment of $4bln indicates strong performance: DEC

Posted on 09 August 2011

Secretary-General of Dubai Economic Council (DEC) Hani Al Hamli said the announcement of Dubai Government to repay in full $4 billion (Dh14.7 billion) of debt maturing later this month from internal sources sends a strong signal that Dubai is able to honour financial commitments and at the same time go on with development projects.
The repayment indicates strong performance by Dubai’s economy……………………………………….Full Article: Source


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