Tag: Nakheel

Underscoring an emerging positive sentiment in the property market, Standard Chartered is offering up to Dh18.4 million ($5 million) in mortgage to attract high...

Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing...

Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...

Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, according Al Ittihad newspaper.

As part of its $9 billion recapitalization plan, Nakheel - part of Dubai World conglomerate, offered a ray of hope for investors in its...

The executive board of Nakheel was completely reshuffled today, reported Reuters. The Dubai government said in a statement the new board would help prioritize...

Nakheel trade creditors will be offered a large-scale Islamic bond as part of a debt restructuring plan issued by parent firm Dubai World last...

Since the November standstill announcement, little information was released from either Dubai World or the government to reassure investors. Discussions with creditors have been...

Abu Dhabi has given Dubai $10bn, some of which will enable Nakheel, the property arm of troubled Dubai World, to pay a $4.1bn Islamic...

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee (SFC) reassured investors, financial and trade creditors, employees, and citizens all...

Statement from Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee The Government of Dubai, acting through the Supreme Fiscal Committee...

UAE moves to counter Dubai fallout but markets wary Central Bank of the UAE backs UAE Banks, branches of foreign banks operating in the country Global...

Developers Nakheel, Emaar and Limitless have decided not to participate in Cityscape Dubai 2009. reported  Emirates Business. Nakheel said it decided it was more prudent...

Nakheel  is offering customers discounts of between 10 per cent and 30 per cent on some of its projects to encourage them to pay...

The World is a man-made archipelago of 300 islands constructed in the shape of a world map and located four kilometres off the coast...

Nakheel has announced it is to build more than 1,000 homes in the Manarah District in Badrah as part of the Waterfront development in...

Construction work on the Nakheel Tower has been stopped for a year, reported The National. “Further work on the foundations of Nakheel Harbour and Tower...

In recent weeks, delays have beset several massive projects, according to several architects and articles in The National. Dubai Waterfront is moving much...