Govt to help Dubai World return loans

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Govt to help Dubai World return loans

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25 March,2010 04:21 pm

Dubai government has decided to help out the government organization Dubai World in meeting its outstanding loans.Sources said that the Dubai government would give $9billion under Financial Support Fund. Dubai World is a defaulter of $260million and delay in its outstanding payment triggered economic crunch in international markets. IMF said that Dubai World had to pay around $109million in loans.