Morning round-up: Nakheel a "litmus test"

Nakheel's US$3.5bn sukuk is being watched closely in Dubai these days. Not only does it say something about the future of the company, which is one of the emirate's most well-known developers, but it will have impacts on the ratings and future borrowing costs of all Dubai government-related entities. Moody's said yesterday that the way the government deals with it will be a "litmus test" for its view on the whole of Dubai's more than $70bn in debt.

Investors in Indigo Properties are "concerned" by the developer's decision to move their purchases to another sector of the project is they accept a price discount, Parag Deulgaonkar reports in Emirates Business 24/7.

Jumeirah Group is looking to acquire distressed hotels, "especially in the US", 7Days reports. The hotel group would possibly team up with Dubai investors to make the acquisitions.

Arabtec is upgrading labour camps for 20,000 workers, Arabian Business reports.