Dubai's Nakheel eyes district cooling assets saleNakheel, the developer of the emirate's palm-shaped islands, has hired financial advisory Synergy Consulting to manage the process, said tw...
15 Mar, 2021, 01.27 PM IST
- Dubai's Palm Jumeirah villa sold for USD 7.6 mn
A luxury villa on Dubai's Palm Jumeirah has been sold for nearly USD 7.6 million at an auction, bucking the trend.
10 Aug, 2011, 10.49 AM IST
- Dubai World's Nakheel arm sees debt deal this year
The struggling developer responsible for Dubai's manmade islands says it hopes to complete its multibillion-dollar debt restructuring by ye...
23 Sep, 2010, 07.10 PM IST
- Dubai developer begins $1.08 bn payment to creditors
Dubai's master developer Nakheel has started paying its creditors the first tranche of cash following the signing of a number of restructur...
01 Jul, 2010, 12.48 PM IST
- After crisis, Dubai plans reforms
Dubai officials are outlining plans for financial reforms in the wake of the emirate’s credit crisis.
25 May, 2010, 01.17 AM IST
- Dubai commits $9.5 billion to troubled Dubai World
The Dubai government said on Thursday it has committed $9.5 billion in aid to its troubled Dubai World conglomerate, which has been negotia...
25 Mar, 2010, 12.14 PM IST
- Dubai debt fears resurface as questions linger
As world markets warily eye Greece's financial crisis, investors are once again focusing on unresolved questions surrounding how deeply ind...
17 Feb, 2010, 01.17 AM IST
- German developer Kleindienst plans luxury villas and hotels on 6 artificial islands off Dubai despite crisis
A German property developer announced on Monday plans to build luxury villas and hotels on six artificial islands off Dubai despite the hug...
22 Dec, 2009, 12.33 PM IST
- Abu Dhabi gives $10 bn to Dubai World
Dubai World will use the money to cover debt of real estate unit Nakheel. The rest of the money will cover Dubai World’s interest and opera...
15 Dec, 2009, 04.52 AM IST
- Dubai World's part-revamp limits damage: Analysts
Dubai World's announcement that it needs to revamp only some parts of its worldwide business limits the scope of damage, analysts said on T...
01 Dec, 2009, 09.43 PM IST
- World lacks understanding of debt crisis: Dubai
UAE looked to allay concern over Dubai World's $60 bn debt-load, stressing strength of Dubai and it's economies as markets tumbled. Full Co...
01 Dec, 2009, 07.10 PM IST
- NBAD has USD 345 mn exposure to Dubai World Group
The National Bank of Abu Dhabi (NBAD) today said its total exposure to the state-owned Dubai World Group stands at USD 345 million.
30 Nov, 2009, 10.47 PM IST
- Dubai to exempt ports from DPW recast
The Dubai government has clarified that it would exempt the port operator arm from restructuring of the company.
30 Nov, 2009, 02.11 AM IST
- Travelog
Since the launch of Atlantis, The Palm in September 2008, the underwater wonderland of The Lost Chambers — including unusual attractions su...
16 Jul, 2009, 04.20 AM IST
- Dubai buys Queen Elizabeth 2 for $ 100 mn
A Dubai-owned company announced on Monday that it bought the Queen Elizabeth 2, a giant ocean liner launched in 1967, for $ 100 million.
18 Jun, 2007, 10.30 PM IST
- Dubai to add 210 more hotels by 2012
The three colossal palm-shaped islands being developed off the coast of Dubai by Nakheel will add more than 200 hotels to the emirate's exp...
02 May, 2007, 01.00 PM IST
- L&T bags order worth Rs 200 cr from UAE
Larsen & Toubro (L&T), India’s largest engineering and construction company, said it has got a Rs 200-crore order from UAE real estate deve...
26 Apr, 2007, 08.30 PM IST