Arabtec Stops Work on Nakheel Project Due to Non Payment

This article from The National is not encouraging.  AlFurjan is one of Nakheel's largest projects (housing).

If Nakheel is unable to conduct its business, it's not going to generate a cash flow.  It's also going to have a knock-on effect on other firms.  Not good news for bankers. Especially since a promise was made to use the Abu Dhabi $10 billion contribution to pay suppliers and contractors.