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Nakheel to Pay $8.2 Billion to Creditors in June


April 15 (Bloomberg) -- Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, al-Ittihad reported, citing people familiar with the matter. Nakheel, the developer of palm-shaped islands off Dubai’s coast, is restructuring $10.5 billion of financial and trade creditor debt. The company will receive $8 billion in cash from the government, taking the total support to $9.2 billion and helping it pay contactors and complete projects after Dubai’s property market slumped.


Al-Quds Bank records net income of $9.42 million in 9M 2017

Optimism in the PEX with the start of October



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