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Dubai’s Limitless to sign $1.2 billion debt deal in September

Limitless, the indebted property arm of Dubai World, is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday.

September 4, 2012 5:34
 
200-dp-world

DP world’s H1 profit flat, cites global climate

Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.

August 29, 2012 10:07
 
UAE-says-sanctions-hurting-trade-with-Iran

UAE to boost oil production capacity to 3 million barrels per day in 2012

The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said on Tuesday.

August 28, 2012 6:41
 
UAE banks and top lenders

UAE banks told to extend loan maturities for citizens

The United Arab Emirates' central bank has told lenders to extend maturities on certain personal loans held by UAE citizens by more than four years, the latest initiative aimed at reducing their debt burdens.

August 16, 2012 3:57
 
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