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Mashreq to seek higher interest on Dubai World debt

Posted on 14 September 2010

From Arabianbusiness.com: UAE banks will prefer higher interest rates to a government guarantee under Dubai World’s $24.9 billion debt restructuring plan, Mashreqbank chief executive officer Abdul Aziz al Ghurair said.
Foreign lenders to state owned Dubai World will prefer the option that includes the government guarantee and lower interest rates, al Ghurair said in an interview to Al Arabiya TV……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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