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Monday, November 24, 2008

Dubai assets not being sold to Abu Dhabi-official


Dubai has recieved no offers for its major assets from Abu Dhabi or other parties, a Dubai government official said on Monday.

"It is not true," Mohamed Alabbar, who is a member of Dubai's executive council and chairman of Emaar Properties told Al Arabiya TV.

"Dubai has recieved no offer either directly or indirectly from Abu Dhabi or any other party on earth," he said when asked if Dubai's assets were for sale.

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