Dubai budget 9.5 Billion U.S. Dollars for Dubai World
Dubai budget 9.5 Billion U.S. Dollars for Dubai World, Dubai Government will support the debt restructuring of Dubai World with funds disbursed U.S. $ 9.5 billion. The government hopes, these loans can be repaid in eight years. In addition, the government has also disbursed funds as much as 20 billion dollars to help the Dubai World resktrukturisasi debt some time ago. Last November, Dubai World postpone payment until May 2010.
"This is a step towards resolution of Dubai World," says Ali Taqi, Portfolio Manager of A / T Capital Management in Dubai.
Dubai, the second largest keemiratan of seven Ermitat Union keemiratan in Arabic, and his own state to manage the money 80 billion dollars until the end of 2008. With that much money, Dubai wants to realize the tourism areas and commercial and financial center in keemiratannya.
International Monetary Fund (IMF) estimates that the loans Dubai reached 109.3 billion U.S. dollars.
"This is a step towards resolution of Dubai World," says Ali Taqi, Portfolio Manager of A / T Capital Management in Dubai.
Dubai, the second largest keemiratan of seven Ermitat Union keemiratan in Arabic, and his own state to manage the money 80 billion dollars until the end of 2008. With that much money, Dubai wants to realize the tourism areas and commercial and financial center in keemiratannya.
International Monetary Fund (IMF) estimates that the loans Dubai reached 109.3 billion U.S. dollars.
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