nakheel news
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Dubai developer Nakheel...
Dubai :: United Arab Emirates | 1 month ago
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Dubai property developer Nakheel, one of the biggest casualties of the emirate's real estate market crash in 2009, reported a 36 percent rise in first-quarter net profit as residential property prices and demand rebounded. The government-owned firm
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Nakheel victory in case over The World purchase
Dubai :: United Arab Emirates | 1 month ago
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It was awarded judgment in its favour by the Dubai World Tribunal in the case of... Sao Paulo Development Ltd and Diamond Developers vs Nakheel, The World and others, Nakheel confirmed in a statement. In the case, Sao Paulo Development had sought to
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Nakheel's new mall fully leased
Dubai :: United Arab Emirates | 1 month ago
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In This Article Serving 24,000 homes, Discovery Gardens Community Centre is set to open early 2014 Construction of Nakheel 's new 8,700 square metre community centre in Dubai's Discovery Gardens is in full swing, with all 6,000 sqm of available shop
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Fears for Australian duo held in Dubai
Dubai :: United Arab Emirates | 2 months ago
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Marcus Lee and Matthew Joyce are accused of fraud against their former employer, a property development company owned by the emir of Dubai. In a parallel legal case in Australia, the principals of the property developer that reported the pair to the
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Dubai's Nakheel in talks to extend $2.2 bln loan: report
Dubai :: United Arab Emirates | 3 months ago
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The Atlantis Hotel, rear, on the man-made Palm Island, built by property giant Nakheel in Dubai. Nakheel, builder of man-made islands in the shape of palms, is in talks to extend an 8 billion dirhams ($2.18 billion) loan due in 2015, the indebted
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Nokia posts profit in Q4, waive...
Helsinki :: Finland | 4 months ago
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Nokia, once the world's biggest mobile phone maker, yesterday posted a net profit of ¤202m ($269m) in the fourth quarter, its first quarterly profit for 18 months. The beleaguered company, which is trying to cut costs, said that it would not pay a
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Dubai developer Nakheel year profit up 57 percent
Dubai :: United Arab Emirates | 4 months ago
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Indebted Dubai property developer Nakheel posted a 57 percent rise in full-year profit, saying its earnings growth showed the emirate's real estate sector was in recovery. House prices plunged about 60 percent from a 2008 peak as a property boom
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Chairman of Dubai's Nakheel denies report, says company can repay debts
Dubai :: United Arab Emirates | 4 months ago
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The chairman of Dubai government-owned developer Nakheel hit back at a report suggesting his company may have difficulties repaying a $1.1 billion Islamic bond and about $2 billion of bank debt due in 2016 with its own resources. The comments
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Nakheel issues $33m sukuk as p...
Dubai :: United Arab Emirates | 4 months ago
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Dubai's Nakheel issued an Islamic bond worth Dh121m ($32.94m) yesterday, the third tranche of a sukuk that forms part of the developer's billion-dollar restructuring plan. The bond will go towards part settlement of trade creditor claims against the
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Nakheel repays Dh201m sukuk payment
Dubai :: United Arab Emirates | 5 months ago
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Today, Nakheel said it had sold all villa plots in Jumeirah Islands for over Dh55.4 million. The plots were snapped up at a company auction for Dh513 per square feet, a 46 per cent premium over their bid price of Dh350.
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