Mideast sovereign wealth funds might not be enough to save Citigroup Inc., said the head of a $13 billion Dubai investment firm.
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Sameer Al Ansari, the CEO of Dubai International Capital, said the struggling banking giant might need even more cash infusions as losses related to the housing and credit markets continue to grow.
The investment arm of the Dubai government has withdrawn its bid for Inmobiliaria Colonial, a move that puts the Spanish real estate firm one step closer to a liquidity crunch.
