Sunday, July 8, 2012

Dubai's duty-free company lines up $1.75B in loans

DUBAI, United Arab Emirates (AP) ? Dubai's airport duty-free company says it has lined up $1.75 billion in loans to pay for the expansion of the city-state's main airport. Dubai Duty Free said Sunday the six-year syndicated credit facility is the largest such financing package for a Dubai state-linked firm since 2008, the year before a financial crisis rocked the emirate.

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