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Nakheel Trade creditors

Property Woes

Property Woes

As RERA announces a certain Oqood bias, Kipp takes a look at some particularly dreary Q1 developments in the property sector.

April 25, 2011 3:49
Another Nakheel knock

Another Nakheel knock

Poor old Nakheel; it’s a case of two steps forward, one step back, after a creditor filed against it in the always entertaining Dubai World tribunal.

January 6, 2011 2:39

Nakheel says 91 pct trade creditors agree to debt plan

Trade creditors will receive 40 percent in cash and 60 percent repayment through an Islamic bond with a 10 percent return.

December 29, 2010 2:23

Dubai’s Nakheel sees restructuring completed by year-end

Trade creditors have been offered 40 percent of what they are owed in cash and the rest through an Islamic bond.

September 23, 2010 11:11