The Dubai Multi Commodities Centre (DMCC) hit back yesterday after Standard & Poor’s (S&P) said it expected the company to have cash management problems this year.
The DMCC, which owns the Dubai Gold and Commodities Exchange and developed the 87-building Jumeirah Lakes Towers project on Sheikh Zayed Road, yesterday objected to the assessment by the global credit ratings agency.
It said all of its debt was retired when it finished repaying a US$200 million (Dh734.5m) Islamic bond in May."
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