Mohammed Al Shaibani, director general of the Dubai ruler's court has said the emirate's government doesn't plan to use proceeds from the sale of an Islamic bond to refinance the debt of Jebel Ali Free Zone and DIFC Investments, Bloomberg has reported. The bond proceeds will be used for "something to do with the government and nothing to do with any of the entities," Shaibani said. "DIFC and Jafza are separate entities and they will handle that," he said.
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