An investment company owned by Dubai's ruler says it will repay $500 million in bonds next week, distancing itself from other debt-laden firms in the Gulf emirate.
Dubai Holding Commercial Operations Group confirmed Wednesday it will repay the bonds on Feb. 1, using funds from its internal cash flow.
The firm is a division of a company known as Dubai Holding that is controlled by Dubai ruler Mohammed bin Rashid Al Maktoum.
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