The news agency did not say from what the Egyptian investment bank raised its estimate from.
The bank in November last year projected the external debt of Dubai stood at $60.6 billion, with payments of $14.1 billion due in 2009.
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Sunday 23 August 2009
Dubai debt at $84.7 bln -EFG
EFG-Hermes has raised its estimate of Dubai’s debt to $84.7 billion following the disclosure of new information on state-owned Dubai World’s liabilities, news agency Zawya Dow Jones reported on Sunday.
The news agency did not say from what the Egyptian investment bank raised its estimate from.
The bank in November last year projected the external debt of Dubai stood at $60.6 billion, with payments of $14.1 billion due in 2009.
The news agency did not say from what the Egyptian investment bank raised its estimate from.
The bank in November last year projected the external debt of Dubai stood at $60.6 billion, with payments of $14.1 billion due in 2009.
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