State-owned Dubai World on Wednesday declined comment on Wednesday on whether it had repaid about 9.3 billion dirhams ($2.53 billion) in loans it took from its property unit Nakheel in 2008.
According to its 2008 financial statements, Nakheel lent conglomerate Dubai World short-term, unsecured loans carrying an interest rate of 3 percent.
As of Dec. 31, Nakheel was still owed 9.28 billion dirhams after lending its parent company 11.01 billion dirhams during the year, the financial statement showed.
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