Nakheel for halt on trading in its bonds
Nakheel for halt on trading in its bonds
Published: 04:34 am Dec 01, 2009
DUBAI: Dubai’s property developer Nakheel, a part of the debt-laden Dubai World conglomerate, wants a suspension of trading on all its Islamic bonds traded on NasdaqDubai bourse, the latter said on its website Monday. It said the request came following the government’s announcement that it intends to request a freeze on Dubai World’s repayments.