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Dubai's Emaar says banks slash interest rate on $500 mln loan
Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer said, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders. Emaar, Dubai's largest listed developer and a bellwether of the emirate's…
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Click here to read the full story: Yahoo News