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UAE borrowers press to cut loan costs as economy accelerates, default risk drops

UAE companies, including real estate developer Tourism Development & Investment Co and holding group Al Ghurair, are seeking to cut borrowing costs as the country’s economy recovers and default risk falls. Al Ghurair plans to borrow about 1.3bn dirhams  to refinance a 2009 loan, two people with knowledge of the…

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Click here to read the full story: Gulf Times

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