The National Newspaper reports

“Firms fully or partially owned by the Government, such as Dubai Properties, Emaar Properties and Nakheel, will be able to tap into the first US$10 billion (Dh36.73bn) of what will eventually be a $20bn sovereign bond programme, to meet their financial obligations. The Central Bank agreed to lend the money to Dubai earlier last week.”

[SOURCE: The National Newspaper - Cash boost for property firms]

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