iPhone | iPad
Android
Huawei
Compass offers a powerful inferencing platform with APIs
KT APPDOWNLOAD
Dubai World Repays Outstanding Balance on $1.2b Loan Facility
DUBAI - Dubai World repaid the outstanding balance on a $1.2 billion loan facility arranged and underwritten jointly by Royal Bank of Scotland, Credit Suisse and Deutsche Bank, the company said in a Press statement.
While refinancing had been offered, Dubai World determined the cost of capital was not competitive and instead elected to repay the outstanding amount under the loan of $890 million from its operating reserves on December 11, 2008.
The loan facility was established one year earlier to help finance the purchase of a 9.4 per cent stake in MGM Mirage by Infinity World, a subsidiary of Dubai World. Dubai World is Dubai’s global investment flag bearer focusing on several strategic growth areas.
More news from
The Dubai Cares report, released after two years of consultation with experts, has called for integration of education and climate change
It’s a strategic move for businesses striving to remain competitive
Mikel Arteta's Arsenal have finished second to City in the Premier League for the past two seasons
Arsenal would have gone top of the table with a first league win at The Etihad since 2015
She withdrew from the Paris Olympics due to bronchitis and pulled out of the US Open in August due to a lower back injury
Jayasuriya (5-68) claimed his eighth five-wicket haul, seven of them coming at his happy hunting ground in Galle alone
Milestone 25th anniversary of women's tournament in Dubai to get under way on February 16, with men's event scheduled for following week