DUBAI: Property developer Nakheel plans to issue a 6 billion dirham ($1.63 billion) Islamic bond as part of its debt repayment plan as it restarts several key projects, an industry executive said on Tuesday.
Under Nakheel's restructuring plan, (...)
DUBAI: Dubai Holding's main unit will delay repayment on a $555 million loan until Nov. 30, the company said on Tuesday, the second time it has failed to meet a repayment deadline.
DHCOG, a unit of the conglomerate owned by the Gulf Arab (...)
DUBAI: Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move on Monday, saying it needed to find an acceptable system to support the listing.
DP World shares fell 6.8 percent on the Nasdaq (...)