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Dubai repays $1 bln aviation authority bond

Posted on 09 November 2009

From Maktoob.com: Dubai’s government said on Sunday it had repaid a $1 billion Islamic bond , or sukuk, from the emirate’s civil aviation authority which matured on Nov 4.

The global credit crunch has hurt Dubai, one of seven members of the United Arab Emirates, leaving markets guessing whether it can restructure an $80 billion debt pile built up in years’ of real-estate fuelled boom…………………………Full Article: Source

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