The death toll in Israeli strikes on Monday rose to 274, including 21 children
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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.
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