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FINANCIAL NEWS
Dubai’s Nakheel to repay third of its debt in Q1
05 Jan 2014
(MENAFN) Dubai developer Nakheel will repay about a third of its total bank debt in the first three months of 2014, according to Arab News.
The company has suffered the 2009 Dubai’s property market collapse and was rescued by the government by the USD16-billion plan in 2011.
Nakheel’s Chairman, Ali Rashid Lootah, said the company will not need any further governmental support and is targeting annual profit growth of 15 percent.
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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