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Dubai Repays $5.5 Billion of Crisis-Era Loans to Cut Debt Load

(Bloomberg) Dubai said it began repaying a $20 billion bailout loan from Abu Dhabi and the country’s central bank, as part of an effort to reduce its debt burden almost 15 years after the sheikhdom teetered on the brink of default.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Bil ....

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Dubai Cuts Total Debt to 25% of GDP By Repaying Local Loans

Dubai Cuts Total Debt to 25% of GDP By Repaying Local Loans
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