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Dubai Holding posts $6.4bn losses

June 7th, 2010 04:20:02 am


Dubai Holding Commercial Operations Group (DCOG), the real domain and hospitality business, has posted a loss of $6.4bn last year against a net profit of $4.74bn the year before, due to impairments coupled with a slump in the local possessions market. Entirety revenues in 2009 fell 28 percent to $2.6bn compared with 2008. DHCOG mentioned [...]


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