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Dubai debt deal

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Dubai debt deal

E
euronews (in English)

13 Views • Apr 05, 2012

Description

Dubai Holding, the investment group owned by the emirate's ruler, has reached an agreement with creditors to delay repayment of 1.9 billion euros worth of debt.

Dubai Holding's private equity arm - Dubai International Capital - will extend most of its outstanding bank loans by five years at an interest rate of two percent.

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http://www.euronews.net/