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Troubled Dubai developer Nakheel is in talks with banks to raise financing for a new project on its man-made island Palm Jumeirah, worth at least 300 million dirhams ($81.68 million), its chairman said on Wednesday.
January 11, 2012 11:14Chairman says second tranche of sukuk in H1; Says company on track to deliver 7,000 units in 2012; Says other Palm projects are "long-term"
January 5, 2012 3:58
Kipp can’t help wonder why a developer like Nakheel, with the breath and scale of developments across the region hasn’t mastered the rather simple concept of service fees for freehold properties?
December 21, 2011 3:51
He deserves his day in court, for sure. But does the former Nakheel CEO deserve his benefits and pay after given the company was pretty much sinking in the red?
December 20, 2011 12:59Co says profit payment of 10 pct on time; Nakheel says the payment due on Dec. 15; The $1.03 bln sukuk was issued in August
December 12, 2011 1:29
When will developers take a step back and empower owner associations?
December 11, 2011 6:14H1 revenue 1.5 billion dirhams; Revenue driven by handover of properties; Says remobilised a number of its construction sites
December 6, 2011 10:23
Nakheel is in social work mode, now that it has finally found something to do that everyone can be happy about. It's building artificial reefs to rebuild marine life where their projects lay. The same projects they say didn't affect fish populations at all. Yes, that one.
November 26, 2011 3:21
Despite builders possible taking provisions for discounted Nakheel sukuk and Sorouh’s possible good earnings, concerns on Abu Dhabi Aldar's funding woes may continue to keep overall property earnings down.
October 23, 2011 4:37Chairman says 2011 profit to be in-line with last year; Second tranche of Islamic bond to be issued by year end; Nakheel has no further sukuk plans - chairman
September 27, 2011 1:15A special tribunal set up to hear disputes over Dubai World's debt restructuring may not hear cases against former unit Nakheel after the government took over the troubled property developer in August.
September 26, 2011 2:14Nakheel wrote off up to $21.4 billion of its real estate assets due to a property crisis in the emirate, according to a bond prospectus.
September 13, 2011 11:46
With plans on increasing retail space in Dragon Mart, Discovery Gardens and Jumeirah Park, Eva Fernandes asks, have Nakheel really regained its footing? And just how will they extend DragonMart?
August 23, 2011 12:54
Dubai World's property arm Nakheel said its planned Islamic bond, part of its $10.9 billion debt repayment proposal, has been delayed due to administrative reasons.
August 4, 2011 10:28
It’s a rare occurence in this region of fluid regulations, but SC Lowy Financial aims to invest in Nakheel trade claims, as it approaches creditors for deals.
July 31, 2011 1:21
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
