Global Trade Alert
Global Trade Alert

UAE: $20bn bail-out fund launched

Announcement

20 Jul 2009

In July 2009, the government of the UAE announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Jul 2009

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a decree No. 24 of 2009 which created a $20 billion "Dubai Financial Support Fund" in ord...

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