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DESERT STORM Dubai Holding Not to Sell Jumeirah

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Posted: 22 Dec 2009 | 7:52 am

In an interview with Forbes Magazine Jumeirah Hotel Groups Executive Chairman Gerald Lawless has said that Dubai Holding will not sell the ultra luxury hotel chain. While its been reported in the financial press that Dubai Holding had US$1.9 in debt which will mature in the H1 2009, the firm which is owned by the Gulf emirate is financially sound.

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