Cash boost for property firms – The National Newspaper

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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