Economy





Banks to finance 30% of Deyaar's project

DUBAI: Dubai's Deyaar Development will fund 30 percent of its $817 million Midtown project through bank loans, the real estate firm's chief executive said on Monday.






Dubai-based Atlas Jewellery defaults on $136m loans

ABU DHABI/DUBAI: A Dubai-based gold and jewelry retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the





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