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Dubai says to Use Bonds to Support State-Linked Firms - ASHARQ AL-AWSAT English Archive
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DUBAI,(Reuters) – Dubai will use its $20 billion sovereign bond to support government-linked companies through a special fund but has not problems meeting government debt obligations, it said in a statement on Wednesday.

“Recognising the importance of government financial support to these entities in times of global liquidity constraints … the Dubai Department of Finance launched a $20 billion funding programme through the issuance of medium-term treasury bonds, which will be used to support these entities through a financial support fund on a need basis,” the statement said.

It said the structure of the Support Fund would be disclosed at a later stage.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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