Sunday 19 May 2024
 
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repay loan

Dubai gives Nakheel funds to repay $980m bond

Dubai has given developer Nakheel, part of a $24.8 billion debt restructuring at its parent Dubai World, enough funds to repay a $980 million Islamic bond due on May 13, Nakheel said in a statement on Tuesday. Nakheel, the builder of man-m

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