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Nakheel’s trade creditors next in line

Posted on 20 September 2010

From Thenational.ae: Having reached a consensus on debt restructuring with 99 per cent of its creditor banks, Dubai World’s next big challenge lies in dealing with its still more numerous trade creditors.
The ports and property conglomerate’s subsidiary, Nakheel, has by far the most such creditors: more than 1,000 advertising companies, construction contractors and other service providers that supported Dubai’s once booming property market……………………………………….Full Article: Source

 
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