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December 7, 2009

Dubai shares fall on fears over the emirate’s debt load

Posted in Category: Middle East News — dina @ 5:35 pm
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Dubai’s stock market fell by 6% on Monday on new worries about the size of the emirate’s debt burden.

It came as Dubai’s finance minister said the government would not sell any assets to help the emirate’s investment vehicle, Dubai World, meet its debts.

Minister Abdulrahman al-Saleh said any assets sold would have to be the property-to-ports company’s own.
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