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Mandelson says Dubai Running Out Of Time On Debts

February 22nd, 2010 Leave a comment Go to comments

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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