Dubai's Nakheel H1 profit surges 54%

[DUBAI] Dubai property developer Nakheel, which was a major victim of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year.

The government-owned company made a net profit of 1.85 billion dirhams (S$625.9 million) in the six months to June 30, up f…