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Saudi FDI stock surges 61pc to $215bn in six years, says reportThe foreign direct investment (FDI) stock coming into Saudi Arabia has surged by 61% from 2017 to 2023, reaching almost $215 billion last year, reported SPA adding that the FDI inflows grew by 158% to $19.3 billion for the six-ye More… |
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Saudi FDI stock surges 61pc to $215bn in six years, says reportThe foreign direct investment (FDI) stock coming into Saudi Arabia has surged by 61% from 2017 to 2023, reaching almost $215 billion last year, reported SPA adding that the FDI inflows grew by 158% to $19.3 billion for the six-ye More… |
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Financial Restructuring Committee forms consultative councilThe UAE Financial Restructuring Committee (FRC) has formed a consultative council of the FRC to provide an open discussion forum between the FRC and the experts in the field of financial reorganisation of defaulting companies and bankruptcy ca More… |
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Dubai court okays bankruptcy proceedings of Arabtec, subsidariesUAE construction group Arabtec Holding said a Dubai court has approved the opening of its bankruptcy proceedings along with its six subsidiaries - Arabtec Construction Abu Dhabi, Arabtec Construction Dubai, Austrian Arabian Ready More… |
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Crisis-hit Katerra says business as usual in Saudi ArabiaKaterra, a technology company optimising every aspect of building design, materials supply and construction, has reinforced that business is continuing as usual in Saudi Arabia with its multiple projects and activities advancing across the kin More… |
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Scandal-hit NMC Health files for bankruptcy in USNMC Health, a leading GCC and international private healthcare operator that collapsed amid allegations of a multibillion-dollar fraud, filed for bankruptcy protection in the US and could liquidate as it faces shareholder lawsuits over its fin More… |
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Monarch Airlines goes bankrupt; ceases operationsMonarch Airlines, the UK’s fifth largest airline, has suddenly ceased operations, leaving more than 100,000 passengers stranded at airports, said a report. "We are sorry to inform you that, as of October 2, 2017, all fu More… |
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UAE Bankruptcy Law a 'life support' for businessesThe New UAE Bankruptcy Law creates a new system of "life support" for businesses experiencing financial difficulties. The law will encourage foreign investment and instil confidence in the international markets that the UAE continues t More… |
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UAE President decrees bankruptcy lawThe UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued federal law decrees pertaining to bankruptcy, the state news agency Wam said. The new law will come into effect three months from its publication in the More… |
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UAE cabinet approves new bankruptcy lawThe UAE cabinet has adopted the final draft of the federal law on bankruptcy which allows companies and individuals to restructure their debt while avoiding bankruptcy liquidation. The bankruptcy law is one of the most important f More… |
