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Email this article: Kerzner hands Atlantis the Palm to Dubai in debt restructuring
Posted: Fri April 27, 2012 11:50 pm
UAE. Kerzner sold a 50% stake in Atlantis the Palm in Dubai to resort co-owner Istithmar World, a unit of Dubai World, for US$250 million, according to a statement.
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UAE. Insurers have been prompted to prepare for the effects that VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year.
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