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Nakheel may receive more funds from Dubai’s $10bn bond

Posted on 18 May 2009

From Arabianbusiness.com: Nakheel could be inline for extra financial help from the Dubai government later this year as part of plans to repay a $3.52bn (AED21.9bn) Islamic bond, a senior government official has revealed.

Nasser Al Sheikh, director general of Dubai’s Department of Finance, confirmed that the developer’s outstanding Islamic bond fit criteria for funding under the government’s $10bn bond scheme, which was launched in February……..Full Article: Source

 
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