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Based on publicly available government data, Moody’s estimates the direct debt of Dubai at around $27.9 billion, of which $18.45 billion was raised from the Abu Dhabi Government and the UAE Central Bank to capitalise the Dubai Financial Support Fund
December 7th, 2011 - 05:20 GMT

Dubai makes progress in cutting debt, but challenges remain

The Dubai government and its state-owned entities have come a long way in tackling its maturing debt during the last two years, with the government now facing significantly lower liabilities, rating agency Moody’s Investor Services said yesterday.
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