Tuesday 17 February 2009

Borse Dubai to get $1 bln UAE federal bailout (Update 1)

Two bankers close to the deal, who declined to be identified as the transaction is private, told Reuters the refinancing deal had yet to close and were not aware of any federal government funding. They said refinancing would be finalised within the next 24 hours.

Borse Dubai declined to comment on the report. Its chief executive officer and chairman Essa Kazim did not respond to calls.

MEED did not identify which federal institution would provide the funding.

1 comment:

  1. Looks like your second comment went into the spam folder.

    Fixed it.
    thanks

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