[West Hampstead]

The emirate will decide how to administer the funds on a case-by-case basis, he said, adding the money could be lent to the companies directly or used to guarantee loans provided through local banks.

While Mr al Shaikh said companies in Dubai’s property sector would receive special priority, companies outside of the property sector would also be eligible. Shady Shaher, an economist at Standard Chartered, said he still expected the majority of the money to go into property companies, especially those partially owned by the Dubai Government. “Since the majority of real estate companies have government ownership, they would naturally get more support,” he said.

A crucial decision will be what amount of money is allocated to paying down the companies’ debts and how much is needed to simply boost the cash they need to continue paying workers and contractors

http://www.thenation...220568/-1/SPORT

[Dubai]

Waste of time. Dubai is fvcked.

[West Hampstead]

Dubai, on Mar 14 2009, 04:17 AM, said:

Waste of time. Dubai is fvcked.

How so Dubai? It sounded so hopeful when I read it. Are you going to change your name.