12.10.2009 - Dubai has insufficient funds to support companies - S&P
From Zawya Dow Jones: Dubai needs to raise another $10 billion for its economic support fund as it has insufficient capital to prop up its struggling government-related companies, according to a leading analyst at Standard & Poor's. "Dubai has about $4 billion to support government-related entities," Farouk Soussa, head of Middle East government ratings at S&P, told delegates Sunday at a Dubai International Financial Centre economic conference. "From our point of view, that's insufficient.".....................Full Article: Source
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