Troubled Dubai developer Nakheel has negotiated contractor claims worth Dh1 billion ($272.24 million) so far and hopes to issue the second tranche of its Islamic bond within the next six months, its chairman said on Thursday.
"So far we have been successful in the negotiations," Ali Rashid Lootah told reporters at the Nakheel headquarters in the man-made island Palm Jumeirah.
"We dealt with the claims of one billion dirhams," Lootah said.
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