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FINANCIAL NEWS
Dubai’s Nakheel profit to rise 15 percent in 2014
27 Mar 2014
(MENAFN) Dubai property developer Nakheel aims to hit 15 percent rise in annual profit this year on launching new projects in the emirates, according to Arab News.
As Dubai’s house prices dropped by more than half in 2011, the company approved a USD16 billion debt restructuring.
Dubai’s real sector is seeing a slow growth, allowing Nakheel make an annual profit of USD699.70 million in 2013, registering 27 percent rise compared to 2012.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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