Tuesday 19 July 2011

Dubai Investments secures Dh300m loan from DIB

Dubai Investments has secured only a quarter so far of the Dh1.2 billion ($326.7 million) loan it wanted to raise, its chief executive said, and the conglomerate’s manufacturing business faces setbacks due to regional 
unrest.

Khalid bin Kalban said political unrest in Libya, Syria and Yemen had made normal operations difficult for its manufacturing segment.

“We are facing temporary setbacks in the manufacturing side of business,” Kalban told Reuters.

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