Channel NewsAsia | Dubai giant behind palm islands posts record profits Channel NewsAsia DUBAI: Dubai real estate giant Nakheel, which built the Gulf emirate's iconic palm tree-shaped islands, said on Wednesday (Feb 1) it made a record profit of US$1.35 billion last year and further reduced its debt pile. The government-owned company said ... Dubai developer Nakheel records highest-ever net profit in 2016 Dubai developer Nakheel reports 22 pct rise in Q4 net profit |