| 26.11.2009 - Dubai World in major new revamp |
| From Thenational.ae: The emirate said yesterday it had lined up US$5 billion (Dh18.35bn) in financing from the National Bank of Abu Dhabi and Al Hilal Bank, both of which are controlled by one of Abu Dhabi’s largest sovereign wealth funds, the Abu Dhabi Investment Council. The two banks agreed to buy $1bn in Dubai bonds immediately, and purchase the remaining debt over the next year................................Full Article: Source |