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Sovereign Wealth Funds Briefing - Categorized | Performance

Dubai World repays $890 mln early, confirming ability to manage debt

Posted on 17 December 2008

From Gulfnews.com: Dubai World recently repaid $890 million (Dh3.269 billion) outstanding balance on a $1.2 billion loan it obtained from international banks last year to acquire a 9.4 per cent stake in MGM Mirage by Infinity World, a subsidiary of Dubai World.

The loan repayment by Dubai World is the third in a series by Dubai Government owned entities in the last few weeks. …. Full Article: Source


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