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UAE firm JBF RAK seeks to renegotiate 2 bln dirhams of debt-sources
Manufacturer JBF RAK, which is 60 percent owned by the United Arab Emirates' Ras al-Khaimah Investment Authority (RAKIA), is in talks with banks about renegotiating around 2 billion dirhams ($544.6 million) of debt, banking sources told Reuters. The polyester producer, which according to its website is an affiliate of India's…
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Click here to read the full story: Reuters