| 30.03.2011 - Dubai’s Nakheel pays $1.25bln to trade creditors |
| Nakheel, the real estate arm of debt-laden conglomerate Dubai World has paid AED4.6bn ($1.25bn) in overdue payments to its trade creditors, the company said Tuesday. The developer, which is seeking to delay some $10.5bn of debt, expects to secure the agreement of trade creditors representing 95 percent of the debt by the end of the first half...........................................Full Article: Source |