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On 14 December 2009, UAE’s stock market shot up in excess of 10% following the announcement of the due repayment of $ 4.1 billion to the Sukuk holders of Nakheel Development Limited following a $ 10 billion support payment from Abu Dhabi to the Government of Dubai.
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01 Apr '09Recently, the Federal National Council passed a credit information law for the UAE. This law reflects the maturing nature of the nation’s knowledge-based economy, as information is seen as a pillar of such an economy.
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