Investment Corp of Dubai (ICD), the emirate’s sovereign wealth arm, said yesterday it will repay in full rather than refinance a $4bn loan maturing on August 21, mainly with dividends from its investments.
ICD had been expected to repay part of the loan and had already agreed with banks to refinance $2.8bn in what would have been the largest loan to emerge from Dubai since its 2009 debt crisis……………………………………….Full Article: Source