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FINANCIAL NEWS
Dubai aims to cut debt
06 Jul 2013
(MENAFN) Dubai, facing debt repayments of about $50bn over the next three years, is finally getting serious about selling off assets to raise money – a key component of its repayment strategy.
Most investors are now confident that the freewheeling emirate will recover from its 2009-2010 crisis, when a property crash nearly forced state-linked companies to default on billions of dollars of debt.
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