Exclusive: Dubai signs up banks for $9 billion DP World debt deal - sources
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DUBAI (Reuters) - Dubai has received commitments from a group of 10 banks for $9 billion (7.8 billion pounds) in loans to take full control of port operator DP World and refinance debt of state investment vehicle Dubai World, two sources told Reuters. The debt transaction is one of the few deals keeping investment bankers busy in the Gulf as the global coronavirus outbreak slams the brakes on capital markets activity. Dubai last month said that state company Port and Free Zone World (PFZW),..