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Fujairah port gets $245m loan
- United Arab Emirates: Tuesday, September 09 - 2008 at 07:16
The UAE's Port of Fujairah has signed an agreement to borrow $245m to finance expansion plans, reported Reuters. The port's debut syndicated loan facility arranged by the National Bank of Fujairah and Commercial Bank of Dubai was heavily oversubscribed. It will be used to expand existing facilities and develop new facilities.
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Jeff Florian, Senior ReporterTuesday, September 09 - 2008 at 07:16 UAE local time (GMT+4)
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