| 08.04.2011 - Dubai to raise $800mln monetising Salik receipts |
| Dubai's Department of Finance on Thursday said it would raise $800 million (Dh2.9 billion) by monetising road toll receipts and will use proceeds to fund infrastructure projects in the emirate. A press statement said the dual currency, six-year financing, would support the Roads and Transport Authority's infrastructure projects and was expected to have a conventional and Islamic tranche............................................Full Article: Source |