• Nakheel recovers
Middle Eastern developer Nakheel is looking to renegotiate lending from banks, as a cheaper finance option than bonds. A rebound in market fortunes means it will repay USD1.5bn of loans four years ahead of schedule, reports Bloomberg.

Nakheel was close to default on its lending as recently as 2009. Surging real estate demand in Dubai has helped the company recover, but some UAE commentators now worry the property market is overheating.
Read the full story here:
http://www.bloomberg.com/news/2014-06-30/nakheel-shuns-bond-issuance-in-favor-of-bank-loans-arab-credit.html
 
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