23.07.2009 - Dubai to borrow second $10bln
From Thenational.ae: Dubai is preparing to borrow a second US$10 billion (Dh36.73bn) to help government-related companies hit by the global recession, and yesterday announced it had set up an independent agency to manage the funds. Dubaiís Department of Finance said Sheikh Mohammed bin Rashid, the Vice President of the UAE and Ruler of Dubai, had issued a decree establishing the Dubai Financial Support Fund to administer the proceeds of Dubaiís $20bn bond programme.........Full Article: Source
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