| 20.06.2011 - Dubai’s Nakheel pays $1.36bln to trade creditors |
| Nakheel, the real estate arm of debt-laden conglomerate Dubai World has paid AED5bn ($1.36bn) in overdue payments to its trade creditors, the company said Sunday. The developer, which is seeking to delay some $10.5bn of debt, said last week it had won near-unanimous approval from trade creditors representing 95 percent of the debt..............................................Full Article: Source |