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 11:14
Abu Dhabi's Aldar Properties will convert a portion of bonds held by Mubadala Development Co into shares as part of a deal which will eventually see the investment fund take its stake to nearly 60 percent.
December 15, 2011 3:27
Co 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
The reassessment of Abu Dhabi's Vision 2030 resulted in job cuts and project delays. It would've been nice without a negative knock-on effect but perhaps it just couldn't be helped.
December 11, 2011 6:10