The Dubai government said on Monday that Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate. It said $4.1 billion of the money will be used to pay off the debt from Dubai World's Nakheel property divisions that are due today (Monday).
The Dubai government said it is planning to open leading Dubai-owned companies for public equity participation in order to restructure those hit hard by the financial crisis.
'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'
