Investors are seen at the Dubai International Financial Market in Dubai, UAE February 7, 2018. REUTERS/Satish Kumar
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Air Arabia PJSC swung between gains and losses after the airline disclosed exposure to funds managed by Abraaj Group Ltd., the Dubai-based private equity firm that has been battling creditors.The shares fell as much as 3.8 percent in Dubai before rising 2.9 percent. The move comes less than five months after some of its investors, including the Bill & Melinda Gates Foundation, commissioned an audit to investigate the alleged mismanagement of money in Abraaj's healthcare fund.
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