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Dubai may use sovereign fund to repay debt

Dubai may use sovereign fund to repay debt

Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.

December 6, 2011 3:46
 

Fundamentals in place for UAE MSCI upgrade

The UAE has the fundamentals in place to achieve an upgrade from index provider MSCI to emerging market status, the chief executive officer of Dubai International Financial Centre (DIFC) Authority said on Wednesday.

November 24, 2011 1:55
 

Dubai support less likely for JAFZA’s $2 billion Islamic bond

Potential government support for Dubai World unit Jebel Ali Free Zone (JAFZA) to meet its $2.04 billion Islamic bond maturity next year is less likely due to a more complex legal structure, a Standard & Poor's' analyst said on Thursday.

November 17, 2011 3:32
 
UAE lawyers shouldn’t be shaking in their boots

UAE lawyers shouldn’t be shaking in their boots

Common law courts have increased jurisdiction, which may take away some business to Emirati lawyers. But Precious de Leon thinks they should look to Wal*Mart victims for inspiration.

November 9, 2011 3:56
 
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