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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Nakheel settles Dh4.4bln bank debt

Posted on 20 October 2009

From Thenational.ae: Dubai and the companies it controls are taking advantage of a rally in global markets to pay off loans and seek cheaper funds from international investors as the emirate tackles its US$85 billion (Dh312.16bn) debt burden.

The Government of Dubai yesterday invited investors to attend a round of fund-raising presentations starting on Thursday in Europe, Asia and the UAE. The last time Dubai raised funds from international investors was in April last year……………………Full Article: Source

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