#Sanjay Manchanda

Dubai developer Nakheel cuts salaries by up to 50%, CEO steps down

The salary cuts range from 30 per cent to 50 per cent for employees earning above Dhs4,000

No immediate plans to restart Palm Jebel Ali in Dubai – Nakheel CEO

Work on the mega development began in 2002, but construction was suspended after Dubai’s property market crash in 2009