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Nakheel to pay off bank debt ahead of schedule

[DUBAI] Nakheel, the real estate giant at the heart of Dubai's financial crisis, said yesterday it will pay off all its bank debt of 7.9 billion dirhams (S$2.67 billion) ahead of schedule. "Our payment is covering up to the last instalment (scheduled for) 2018," Nakheel chairman Ali Rashid

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