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... last moment, a default on the world’s largest ever sukuk (the Islamic equivalent of a bond) – the US$3.52 billion issue by Nakheel Development that matured ...
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... The next day, Dubai-based property developer Nakheel sold its entire 6.2 ... International Power Generation’s Rmb3 billion bond and China Development Bank’s ...
... of this and are dragging in foreign firms to build and then manage the developments. A classic example is DLF, which has partnered Dubai-based firm Nakheel. ...
... which also includes Istithmar, its investment arm, and Nakheel, the real estate developer of the infamous Palm Island offshore development, reportedly has ...