News for '-nakheel-properties'

Dubai's The World: A paradise that never was

Dubai's The World: A paradise that never was

Rediff.com10 Jul 2012

The World islands are composed mainly of sand dredged from Dubai's shallow coastal waters.

Abu Dhabi gives Dubai $10 billion to cover debt

Abu Dhabi gives Dubai $10 billion to cover debt

Rediff.com14 Dec 2009

The Dubai government said on Monday that Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate. It said $4.1 billion of the money will be used to pay off the debt from Dubai World's Nakheel property divisions that are due today (Monday).