Dubai World’s quest for cash
Issue 853
- 16 May 2009
| 3 minute read
Reports that Dubai-based private equity house Abraaj Capital Ltd was to buy up to 15% of global marine terminal operator DP World’s equity remained unconfirmed as GSN went to press. But another round of fund-raising is under way among Dubai-based giants, with another Dubai World subsidiary, property developer Nakheel, resorting to a bail out from the emirate’s Department of Finance to help settle its debts.
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