Originally Posted by
rascott3888
One part (or many) that I do not understand is why the need to announce a planned deferral now?
Deloittes have only just been brought in - until they come up with a plan for the future is there much point in throwing more money at DW?
After all they may suggest that letting Nakheel go bust is the best option....
So with US$ 17bn raised - why is there an issue about repaying Nakeel's US$3.5 bn sukuk in December.
Where did the money go ?
I understand that most of the money raised is for continued infrastructure development - metro, tram, Al Maktoum airport etc.