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Dubai wants to be centre for Islamic business

Dubai unveiled plans on Saturday to become a centre for business that follows Islamic principles in areas from banking and insurance to food processing, tourism and education.

Dubai Holding confirms restructuring pact with DIC lenders

Dubai Holding has announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately USD 2.5 billion of liabilities.

Dubai Holding will not sell Jumeirah to repay its debt: Exec

Dubai Holding will not sell its "seven-star" hotel chain `Jumeirah` to repay its USD 1.9 billion debt, which is maturing next year, luxury hotel chain`s Chairman has said.