| From Bloomberg: Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, said it may buy some of the $10 billion of bonds Dubai’s government plans to sell to help state-owned companies amid the credit crisis.
“We contribute financing to all government projects,” Chairman Ahmed Humaid al-Tayer said in an interview in Dubai today. The Dubai government-controlled bank contributed to the refinancing of a $2.2 billion loan to the Dubai Electricity and Water Authority and a $1 billion loan to Dubai’s Department of Civil Aviation in April, he said............................Full Article: Source
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