Nakheel, the Dubai government- owned company that wants to defer payment of its $3.52bn bond due in two weeks, asked Nasdaq Dubai to suspend the securities until it provides further information to the market.

Following the announcement on 25 November from the Government of Dubai, Nakheel has today asked for all three of their listed sukuks to be suspended until it is in a position to fully inform the market,' it said in a statement to the Nasdaq Dubai bourse.