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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
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Dubai Bail Out
$20bn bond programme launched last month to help Dubai meet its s
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#1
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- Bull or Bear?Bull
Posted 13 March 2009 - 12:06 PM
Paramount Properties is a member of the National Association of Estate Agents, NAEA, and can advise on purchase, valuation and sale of freehold and leasehold properties in and around North West London.
Paramount Investmentsalso offers intelligent and reliable advice on buying and selling London property investments in the commercial, licensed, industrial, leisure, office, retail, residential, healthcare and student sectors.
Paramount Investmentsalso offers intelligent and reliable advice on buying and selling London property investments in the commercial, licensed, industrial, leisure, office, retail, residential, healthcare and student sectors.
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#2
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Posted 14 March 2009 - 04:17 AM
Waste of time. Dubai is fvcked.
#3
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Posted 24 March 2009 - 02:48 PM
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.
Paramount Properties is a member of the National Association of Estate Agents, NAEA, and can advise on purchase, valuation and sale of freehold and leasehold properties in and around North West London.
Paramount Investmentsalso offers intelligent and reliable advice on buying and selling London property investments in the commercial, licensed, industrial, leisure, office, retail, residential, healthcare and student sectors.
Paramount Investmentsalso offers intelligent and reliable advice on buying and selling London property investments in the commercial, licensed, industrial, leisure, office, retail, residential, healthcare and student sectors.
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