Dubai forced to invest in UK firms

The Dubai sovereign wealth fund controlled by Sheikh Mohammed Bin Rashid al-Maktoum has been forced to pump millions into troubled UK ventures. Dubai International Capital (DIC) invested heavily in UK private equity but has been stung after banks requested cash injections for firms including Travelodge and Alliance Medical, which are struggling under the weight of debt. The cash-strapped emirate has had to sell other investments to fund the injections.