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Dubai's Nakheel real estate giant, hit badly during the global debt crisis, said Wednesday its profits surged 54 percent in the first half of 2014 to reach $502.7 million.The company was part of the Dubai World group, which sent jitters in global markets when it signaled in autumn 2009 that it was facing difficulties paying off debts totaling around $24.9 billion.As part of the restructuring of Nakheel, the government injected $9.5 billion converted into equity, separating the company from Dubai World and becoming fully owned by the government.
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