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DMCC to settle its $300mln Islamic bond by May 2010

Posted on 03 February 2010

From Business24-7.ae: Dubai’s Multi Commodity Centre (DMCC), a unit of state-owned conglomerate Dubai World, will not be involved in the repayment of the firm’s $22 billion (Dh80.7bn) debt, its chief executive said yesterday.

Malcolm Wall Morris said the company, created in 2002 to make a commodity marketplace, was “incubated” from its parent company’s debt troubles……………………………………Full Article: Source

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