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| The Business of... |
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| Dubai’s debt |
| The Dubai government and its entities are facing debts of around $80 billion, and authorities have assured investors that the emirate will meet its financial obligations. |
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 Dubai’s ruler Sheikh Mohammed Bin Rashid al-Maktoum said on Monday that he is confident that the second tranche of the emirate’s $20 billion bond program will generate adequate interest from investors. “The second tranche of the bond program will receive subscribers and will be used to settle Dubai’s obligations in future,” he said.
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