Tuesday 21 October 2014
 
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Jebel Ali Free Zone

Moody's upgrades JAFZ ratings; outlook stable

Moody's Investors Service has upgraded the corporate family rating (CFR) of Jebel Ali Free Zone FZE (JAFZ) in Dubai, UAE to Ba1 from Ba2 with the outlook on all ratings remaining stable. JAFZ’s probability of default rat

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Barloworld opens new cold storage warehouse

Barloworld Logistics, a leading provider of logistics and supply chain management solutions, has inaugurated a new cold storage warehouse inside the Jebel Ali Free Zone. With the industrial sector now contributing 19 per cent of t

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Jafza repays $2bn Islamic bond

Dubai state-owned industrial hub Jebel Ali Free Zone (Jafza) repaid in full a 7.5 billion dirhams ($2.04 billion) Islamic bond, or sukuk, on June 21, five months ahead of maturity, a regulatory filing from the company said on Sunday. The e

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Jafz issues $650m sukuk due 2019

Jebel Ali Free Zone (Jafz) announced that it has successfully priced the issuance of $650 million sukuk certificates due 2019, marking the company’s first US dollar-denominated issuance and first transaction in the international debt capital marke

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Dubai's Jafza picks banks for new sukuk

Dubai's Jebel Ali Free Zone (Jafza) has picked seven banks to arrange a new sukuk, lead managers said, with at least $500 million likely to be raised to part-repay the firm's 2012 sukuk obligation. Along with a $1.25 billion sukuk

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Moody's changes Jafza outlook to developing

Moody's Investors Service today (May 9) changed Jebel Ali Free Zone’s (Jafza) outlook to developing from negative for the Corporate Family (CFR) and Probability of Default Rating (PDR). It also affirmed the B2 CFR and PDR as well as th

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$272m worth drug haul by Dubai Customs

Dubai Customs has foiled an attempt to smuggle 91 million  Tramadol tablets, with a total value of about Dh1billion  ($272 million). The drug is prohibited to be used outside its normal medical use, said a statement.The

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Jafza in talks to refinance $2bn sukuk

Dubai's Jebel Ali Free Zone (Jafza) is in advanced talks with financial institutions over a financing package to meet its $2 billion-equivalent Islamic bond, or sukuk, maturity in November, the company said in a statement on Monday.  &nb

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Jafza eyes $900m syndicated loan

Dubai's Jebel Ali Free Zone (Jafza) is preparing to launch a large syndicated loan to partly refinance its $2 billion Islamic bond that matures in November, bankers familiar with the deal said. Jafza, which runs an industrial free zone

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Jafza 'presents $2bn debt plan to creditors'

Dubai's Jebel Ali Free Zone (Jafza) has proposed a three-part refinancing plan to creditors for its $2.04 billion Islamic bond which matures in November, a report said on Tuesday. The state-linked industrial free zone held a meeting with b

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