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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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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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