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Mandelson says Dubai Running Out Of Time On Debts

February 22nd, 2010

U.K. business secretary Peter Mandelson Sunday urged Dubai to reach an agreement to settle its debts, or risk its reputation with investors as details of a potential deal between creditors and troubled conglomerate Dubai World emerged. “Time is running out,” Mandelson told delegates at a lunch hosted for British business in the emirate. “The current uncertainties and lack of agreement can’t go on for much longer

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