From Bloomberg: Nakheel PJSC, the Dubai World-owned property developer, is close to reaching a final agreement with its creditors, Al Ittihad reported, citing a government official it didn’t identify.
Nakheel received the percentage of approval it requires from creditors to reach the settlement, the newspaper said. Construction Delivery Group is the only creditor that rejected Nakheel’s offer, Al Ittihad reported, citing the United Arab Emirates’ Contractors Association chairman Ahmed Saif Belhasa……………………………………….Full Article: Source