Nakheel Requires Urgent Action
Published by Irhal
Dubai’s financial chief said Tuesday that urgent action is necessary to shore up Dubai World’s Nakheel, and Dubai Holding. However, Nasser Al Shaikh, Director General of Department of Finance, said the company is not asking for emergency help as they think they can handle the crisis. Dubai’s properties are a lynchpin for the economy, and they have been slumping since last year as oil prices and the global…
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