Dubai Duty Free raised $1.75 billion from a six-year syndicated loan to finance the expansion of Dubai International Airport.
The company is run by former Shannon Duty-Free boss Colm McLoughlin. Now executive vice chairman at Dubai, the Galway native was part of an Aer Rianta team invited to Dubai in 1983 to start Dubai Duty-Free. He has ever since run a duty-free shop that in 2011 saw sales rise 16 per cent to $1.46 billion, employs...
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