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Kuwait Surplus / Nakheel Debt
Kuwait’s budget surplus of USD 22.4 billion would cover 88.8% of Nakheel’s debt. Kuwait is an oil producing country. Nakheel is a Dubai government owned developer of luxury real es
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Nakheel
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From the Tumblr archive
Nakheel Debt
According to a Dubai World restructuring document obtained by Reuters, Nakheel owes USD 10.9 billion to banks, USD 5.1 billion in trade creditor claims and USD 9.2 billion in custo