23.07.2009 - Dubai establishes $20bln support fund |
From Khaleejtimes.com: The Dubai government launched a bailout fund on Wednesday to manage and distribute the proceeds of a $20 billion sovereign bond programme intended to help cash-strapped companies in the emirate. The “Dubai Financial Support Fund” will provide loans to government and non-government entities “engaged in projects of strategic and developmental importance to Dubai,” said Abdulrahman Al Saleh, Director General of Dubai’s Department of Finance..........Full Article: Source |