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Egypt attracted an almost nine-fold increase in foreign investment in domestic debt instruments in FY2016-17, Reuters reports.
Dubai-based contractor Drake & Scull International (DSI) is expecting to have nearly AED 1 bn (USD 272 mn) of cash flow available over the next four years to partly repay its debt, Reuters reports.
Abraj Misr, an Egypt-based real estate developer, paid EGP 220 million for the land purchase to Export Development Bank of Egypt.
Limitless, a UAE-based real estate developer, makes a debt payment of AED 2.07 billion ($563 million) to banks and trade creditors after reaching a restructuring agreement.