IMF calls for 'vigorous' restructuring of Dubai-owned firms

18 February 2010

A new report by the the International Monetary Fund urges a 'vigorous' restructuring of Dubai's state companies, including giving up nonviable businesses, Bloomberg has reported. While market sentiment has improved since Dubai received financial support last year from the wealthier neighboring emirate of Abu Dhabi, 'uncertainties remain,' the Washington-based lender said.

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