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Dubai developer Nakheel nears $4.6bn debt restructuring to fund expansion
Dubai developer Nakheel is nearing a debt restructuring deal worth $4.6bn, as the group behind landmarks such as Palm Jumeirah accelerates plans to tap into surging demand for property in the Gulf emirate. The government-owned group has been negotiating with a group of lenders, including local banks Emirates NBD, Mashreq…
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Click here to read the full story: Financial Times