Nakheel slashes staff numbers
By Tracey Scott on Jun 27, 2010
Nakheel has cut is workforce as it seeks to reduce costs and pay-off creditors. According to reports, the Dubai World-owned property developer has axed around 50 jobs.
Tag: "nakheel"
Arabtec receives first Nakheel payment
By Tracey Scott on Jun 20, 2010
Arabtec has received the first payment of AED500,000 from Nakheel. The payment comes after the firm said earlier this month that it has started paying creditors
Dubai World Tribunal prepared for claim increase
By Tracey Scott on Jun 17, 2010
The Dubai World Tribunal said it will establish expert panels if the number of claims brought against Dubai World and its subsidiaries dramatically increases.
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Nakheel begins paying creditors owed AED500k
By Rob Morris on Jun 07, 2010
Nakheel has started repaying creditors owed AED500,000 or less, the company confirmed on Monday.
Nakheel hopes to finalise trade creditor deal
By Rob Morris on May 19, 2010
Dubai government’s property investment vehicle expects to secure full backing from creditors for its final settlement proposal.
Arabtec Downs Tools Over Nakheel Pay Dispute
By Rob Morris on Feb 28, 2010
Construction company Arabtec refuses to resume work on a residential property development until Nakheel pays its bills.
