Browse related articlesDubai in talks with UAE over loan facility
United Arab Emirates: Wednesday, November 19 - 2008 at 12:08
Dubai is in talks with the UAE government over a loan facility that would make state funds available to companies as international sources of capital dry up, reported the UK's Financial Times. The plan, which could be unveiled next week, would establish a facility for state-owned companies similar to a $33bn liquidity package for UAE banks announced in October. According to officials in Dubai, the terms of the facility have yet to be defined but it would be likely to lend to companies that need help refinancing existing debt.
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Jeff Florian, Senior ReporterWednesday, November 19 - 2008 at 12:08 UAE local time (GMT+4)
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