May 16 (Bloomberg) -- Dubaiâs government will probably help property developer Nakheel pJSC repay a $3.52 billion Islamic bond due this year as it qualifies for assistance under a $10 billion support program. âThere is a criterion that has to be met, and if that happens we will support any government-related entity,â Nasser Bin Hassan al-Shaikh, director general of Dubaiâs Department of Finance, said in an interview at the World Economic Forum at the Dead Sea, Jordan, late yesterday. Nakheel meets the criterion, he said. Dubai sold $10 billion of five-year bonds in February to the United Arab Emirates central bank, part of a $20 billion medium- term note program, to assist state-owned companies struggling to raise cash during the credit crunch. That money will be used to meet payment shortfalls or repay loans, the government said.
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