By Simeon Kerr in Dubai Published: April 2 2009 23:22 | Last updated: April 2 2009 23:22 Dubai on Thursday said it had appointed Rothschild to advise the government on the creation of a financial support fund for state-linked entities worth at least $10bn. The government has borrowed $10bn from the United Arab Emirates central bank as part of a broader $20bn bond programme and plans to use the cash to help companies owned or linked to the government refinance debts and settle bills.Dubai asks Rothschild to advise on state fund
Sunday, 5 April 2009
Posted by Britannia Radio at 22:39