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Dubai's debt may be $170bn, says report

The total debt of Dubai could be as much as $170bn, far higher than previously reported, according to a report by EFG-Hermes regional investment bank. 'The total debt held by Dubai Inc could well be in the range of $130-170bn, the bank said in its 2010 UAE Yearbook. Dubai Inc is a term used to refer to the Dubai government and its government-related entities.

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