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The total debt of cash-strapped Dubai could be as much as $170 billion, much higher than earlier 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 $130-170 billion," the bank said in its 2010 UAE Yearbook, a copy of which was received by AFP today.
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Text: Business Standard
Image courtesy: AFP
