Nakheel mulls IPO

Nakheel, the Dubai-owned developer of the world's biggest man-made islands, plans to make a decision in the next 12 months as to whether it will launch a public listing, the company's CEO Chris O'Donnell told Reuters. An IPO could make Nakheel one of the biggest companies in the Gulf, comparable to listed rival Emaar, which has a market capitalisation of around $15bn.