This year’s IIFA was held at the Etihad Arena
“Following reports in the media... Nakheel PJSC confirms that it has received funds from the government of Dubai,” the company said in a statement on the NASDAQ Dubai Web site.
“The amount, terms and use of all the funds remain under discussion but some of the funds will be used for payments to contractors,” it said.
Dubai sold $10 billion of bonds to the United Arab Emirates Central Bank earlier this year to raise funds to support state-linked companies suffering from the financial crisis, and plans to issue another $10 billion in bonds later this year. Dubai, the Gulf’s trade and tourism hub, faces a sharp slowdown in its property sector, with real estate prices tumbling 41 per cent in the first three months of 2009, according to property consultant Colliers.
The slowdown has led to project cancellations worth hundreds of billions of dollars.
This year’s IIFA was held at the Etihad Arena
Bollywood stars turned the glam quotient up to 11
The airlines did not carry out disease vector control measures and failed to spray infected areas of their aircraft with insecticides according to specified standards, the heath ministry said
Wada is seeking a ban of up to two years after the Italian twice tested positive for traces of the banned substance clostebol in March
The Israeli military said in a statement that dozens of aircraft, including fighter jets, attacked power plants and a sea port at the two ports
Wall Street’s benchmark S&P 500 index is up 20% year-to-date
The blaze at the plant in Hosur began in an area used to store chemicals
Slow build-out can be seen in imports of servers, computers and storage systems, S&P says