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Dubai’s Nakheel receives bail-out cash

Tue, 2009-05-12 21:53 — IslamicFinance.de

Dubai’s Nakheel receives bail-out cash, but the amount is not disclosed, reported Simeon Kerr in the Financial Times; it is also said that Nakheel was restructuring some payment plans with suppliers.

Contractors say developers such as Nakheel have started to honour some – but not all – payments, after months of delay.

Source: 

http://www.ft.com/cms/s/0/b5a43314-3e04-11de-9a6c-00144feabdc0.html